The Effect of Group Homes on Neighborhood Property Values
Land Economics2000Vol. 76(4), pp. 615–615
Citations Over TimeTop 10% of 2000 papers
Abstract
The majority of studies examining the impact of group homes on neighborhood property values have found that group homes do not adversely effect property values. In our study of seven group homes neighborhoods in DuPage County, Illinois, we find that properties which are proximate to group homes experience a decline in value following the announcement of a group home's pending establishment. In our analysis, observations across time and space are incorporated into a format that is similar to an event study. Our model is the first in this literature to accommodate different price levels and appreciation rates across neighborhoods.
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