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The report assesses a hedonic index fit to the St. Joseph County, Ind., rental housing market and comparing the index with a similar one for Brown County, Wis. The St. Joseph County index is used to examine how renters' expenditures for housing components -- space, quality, location -- vary with income. A hedonic index yields estimated coefficients that can be interpreted as market clearing prices for the 23 housing attributes which describe the dwellings' interiors, exteriors, and neighborhoods. It also predicts monthly gross rent.
The report assesses a hedonic index fit to the St. Joseph County, Ind., rental housing market and comparing the index with a similar one for Brown County, Wis. The St. Joseph County index is used to examine how renters' expenditures for housing components -- space, quality, location -- vary with income. A hedonic index yields estimated coefficients that can be interpreted as market clearing prices for the 23 housing attributes which describe the dwellings' interiors, exteriors, and neighborhoods. It also predicts monthly gross rent.
Assessing Hedonic Indexes for Housing
C. W. Noland (author)
1980
49 pages
Report
No indication
English
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