Neighborhood Walkability and Housing Prices: A Correlation Study

This study aims to examine the relationship between the level of walkability and housing prices in Seoul, Korea. The average transaction price per square meter for each apartment complex was set as a dependent variable and the walkability score was used as an independent variable. This study divided...
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Autor*in:	Eun Jung Kim [verfasserIn] Hyunjung Kim [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2020

Schlagwörter:	walkability walkability score housing price apartment complex seoul geographic information system (gis)

Übergeordnetes Werk:	In: Sustainability - MDPI AG, 2009, 12(2020), 2, p 593
Übergeordnetes Werk:	volume:12 ; year:2020 ; number:2, p 593

Links:	Link aufrufen Link aufrufen Link aufrufen Journal toc

DOI / URN:	10.3390/su12020593

Katalog-ID:	DOAJ013724991

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callnumber-first	T - Technology
author	Eun Jung Kim
spellingShingle	Eun Jung Kim misc TD194-195 misc TJ807-830 misc GE1-350 misc walkability misc walkability score misc housing price misc apartment complex misc seoul misc geographic information system (gis) misc Environmental effects of industries and plants misc Renewable energy sources misc Environmental sciences Neighborhood Walkability and Housing Prices: A Correlation Study
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topic	misc TD194-195 misc TJ807-830 misc GE1-350 misc walkability misc walkability score misc housing price misc apartment complex misc seoul misc geographic information system (gis) misc Environmental effects of industries and plants misc Renewable energy sources misc Environmental sciences
topic_unstemmed	misc TD194-195 misc TJ807-830 misc GE1-350 misc walkability misc walkability score misc housing price misc apartment complex misc seoul misc geographic information system (gis) misc Environmental effects of industries and plants misc Renewable energy sources misc Environmental sciences
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title	Neighborhood Walkability and Housing Prices: A Correlation Study
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title_full	Neighborhood Walkability and Housing Prices: A Correlation Study
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title_sort	neighborhood walkability and housing prices: a correlation study
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title_auth	Neighborhood Walkability and Housing Prices: A Correlation Study
abstract	This study aims to examine the relationship between the level of walkability and housing prices in Seoul, Korea. The average transaction price per square meter for each apartment complex was set as a dependent variable and the walkability score was used as an independent variable. This study divided a total of 5986 apartment complexes into areas with high and low housing prices for analysis. Based on the strong spatial autocorrelations of housing prices, this study employed spatial regression models in addition to the Ordinary Least Squares (OLS) model. Results showed that housing prices positively correlated with the walkability score in areas with low housing prices, whereas no significant association was observed in areas with high housing prices. Additional findings showed that housing prices were associated with building age (−), number of households in the complex (+), slope (−), and greenness (+) in both subsamples. Results also showed that high school quality had a different association with housing prices depending on the subsample (e.g., the sign was positive in areas with high housing prices and no significance in areas with low housing prices). The results herein support public policy proposals relevant to urban planning, environmental design, and housing policies.
abstractGer	This study aims to examine the relationship between the level of walkability and housing prices in Seoul, Korea. The average transaction price per square meter for each apartment complex was set as a dependent variable and the walkability score was used as an independent variable. This study divided a total of 5986 apartment complexes into areas with high and low housing prices for analysis. Based on the strong spatial autocorrelations of housing prices, this study employed spatial regression models in addition to the Ordinary Least Squares (OLS) model. Results showed that housing prices positively correlated with the walkability score in areas with low housing prices, whereas no significant association was observed in areas with high housing prices. Additional findings showed that housing prices were associated with building age (−), number of households in the complex (+), slope (−), and greenness (+) in both subsamples. Results also showed that high school quality had a different association with housing prices depending on the subsample (e.g., the sign was positive in areas with high housing prices and no significance in areas with low housing prices). The results herein support public policy proposals relevant to urban planning, environmental design, and housing policies.
abstract_unstemmed	This study aims to examine the relationship between the level of walkability and housing prices in Seoul, Korea. The average transaction price per square meter for each apartment complex was set as a dependent variable and the walkability score was used as an independent variable. This study divided a total of 5986 apartment complexes into areas with high and low housing prices for analysis. Based on the strong spatial autocorrelations of housing prices, this study employed spatial regression models in addition to the Ordinary Least Squares (OLS) model. Results showed that housing prices positively correlated with the walkability score in areas with low housing prices, whereas no significant association was observed in areas with high housing prices. Additional findings showed that housing prices were associated with building age (−), number of households in the complex (+), slope (−), and greenness (+) in both subsamples. Results also showed that high school quality had a different association with housing prices depending on the subsample (e.g., the sign was positive in areas with high housing prices and no significance in areas with low housing prices). The results herein support public policy proposals relevant to urban planning, environmental design, and housing policies.
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title_short	Neighborhood Walkability and Housing Prices: A Correlation Study
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