The Role of Distance‐Dependent Versus Localized Amenities in Polarizing Urban Spatial Structure: A Spatio‐Temporal Analysis of Residential Location Value in Columbus, Ohio, 2000–2015
First page number:
Last page number:
This study examines the relative effects of distance‐dependent versus localized amenities in changing urban spatial structure of residential location values within urban areas. We also investigate the spatio‐temporal patterns of neighborhood value , which is the sum of distance‐dependent and localized amenity effects, at a local community scale. We use a hedonic housing price model that controls for residential property characteristics to distinguish the effects of distance‐dependent and localized amenities that manifest in housing prices. We also utilize kriging and spatial statistics to examine the relative contributions of these effects to increasing spatial polarization between high‐valued versus low‐valued neighborhood locations. We conduct this analysis using a georeferenced housing transactions database containing almost 480,000 parcel‐level home sales during the period 2000–2015 within the urbanized area of Columbus, Ohio, USA, a highly segregated city. Results demonstrate the dominant and major role of localized amenity effects in shaping the polarized urban spatial structure of housing prices and neighborhood value. Quantitatively, we find a tripling of the Moran's I values of the neighborhood value, meaning deepening, and worsening divide between high‐valued versus low‐valued residential locations.
Regional Economics | Urban Studies
Miller, H. J.
The Role of Distance‐Dependent Versus Localized Amenities in Polarizing Urban Spatial Structure: A Spatio‐Temporal Analysis of Residential Location Value in Columbus, Ohio, 2000–2015.