Advanced Search

Journal Navigation

Journal Home

Subscriptions

Archive

Contact Us

Table of Contents

CiteULike is a free service for managing and discovering scholarly references - click here to get started.

Sign In to gain access to subscriptions and/or personal tools.
Urban Studies
This Article
Right arrow Full Text (PDF)
Right arrow References
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to Saved Citations
Right arrow Download to citation manager
Right arrowRequest Permissions
Right arrow Request Reprints
Right arrow Add to My Marked Citations
Citing Articles
Right arrow Citing Articles via HighWire
Right arrow Citing Articles via Google Scholar
Right arrow Citing Articles via Scopus
Google Scholar
Right arrow Articles by Cervero, R.
Right arrow Articles by Duncan, M.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Complore   Add to Connotea   Add to Del.icio.us   Add to Digg   Add to Reddit   Add to Technorati   Add to Twitter  
What's this?

Neighbourhood Composition and Residential Land Prices: Does Exclusion Raise or Lower Values?

Robert Cervero

Department of City and Regional Planning, Institute of Urban and Regional Development, University of California, Berkeley, 228 Wurster Hall, Berkeley, CA 94720, USA. robertc{at}uclink.berkeley.edu

Michael Duncan

Department of City and Regional Planning, Institute of Urban and Regional Development, University of California, Berkeley, 228 Wurster Hall, Berkeley, CA 94720, USA. dunc{at}uclink.berkeley.edu.

Hedonic price models are used to explore the degree to which land-use and racial composition, used as outcome proxies for local zoning practices, influence residential land values in Santa Clara County, California. Fiscal pressures have prompted many California communities to zone on the basis of tax-yield potential, especially in fast-growing settings like Santa Clara County. Controlling for variables related to job accessibility as well as proximity to regional transport infrastructure, the analysis shows that indicators of land-use diversity and jobs-housing balance generally correlate with high residential land prices. While the fiscal instincts of Californian municipalities is to shun housing in favour of commercial development and thus to create imbalanced land development patterns, this research suggests these fiscal advantages are partly offset by lower land values and thus lower property tax intake. Racial diversity, on the other hand, lowered residential property values, even when controlling for neighbourhood factors like average household income. This finding suggests that, to the degree that local zoning responds to land-market forces, exclusion in residential settings is more a product of racial than land-use composition. As long as land markets attach either values or disbenefits to land-use mix and racial diversity, market-sensitive zoning policies that reinforce these outcomes will be likely to prevail, particularly in buoyant real-estate markets like Santa Clara County.

Urban Studies, Vol. 41, No. 2, 299-315 (2004)
DOI: 10.1080/0042098032000165262
Add to CiteULike CiteULike   Add to Complore Complore   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us   Add to Digg Digg   Add to Reddit Reddit   Add to Technorati Technorati   Add to Twitter Twitter    What's this?


This article has been cited by other articles:


Home page
 Urban Affairs ReviewHome page
J. Glick
Gentrification and the Racialized Geography of Home Equity
Urban Affairs Review, November 1, 2008; 44(2): 280 - 295.
[Abstract] [PDF]