This research used data on over 2200 house sales in inner-city Houston, TX to estimate the impact of crime on house prices. A GIS was used to tabulate home sale data from the MLS, neighborhood characteristics and crime data published by the Houston Police Department. Hedonic Pricing Models were built to assess how crime effects housing price and if proximity to the criminal event matters. Results show that crime does have a measurable impact on home sale price and that proximity of crime is important. An increase in number of violent criminal events leads to a discount in home price. An increase in all criminal events (violent and non-violent) leads to an increase in home price, suggesting a dichotomy in how/when crime is reported to police.
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Thompson, Samuel D.. "How the Proximity of Crime Impacts Housing Prices: A Hedonic Pricing Study of Inner-Loop Houston, TX.." (2018). https://digitalrepository.unm.edu/geog_etds/41