Housing Demand and Community Choice: An Empirical Analysis

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Housing Demand and Community Choice: An Empirical Analysis

November 1996 Number 16

JEL classification: R21

Author: Carol Rapaport

Housing demand reflects the household's simultaneous choice of neighborhood, whether to own or rent the dwelling, and the quantity of housing services demanded. Existing literature emphasizes the final two factors, but overlooks the choice of community. This paper develops an econometric model that incorporates all three components, and then estimates this model using a sample of households in Tampa, Florida. Incorporating community choice increases the price elasticity of demand and reduces the differential between white and comparable nonwhite households. The results are robust to the inclusion of permanent income and taxes.

Available only in PDF PDF

33 pages / 86 kb

For a published version of this report, see Carol Rapaport, "Housing Demand and Community Choice: An Empirical Analysis," Journal of Urban Economics 42, no. 2 (September 1997): 243-61.

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