Date

Spring 5-4-2017

Document Type

Honors Project

First Advisor

Ray, Margaret

Degree Name

Bachelor of Science

Major or Concentration

Economics

Department or Program

Economics

Abstract

Mixed land use is the combination of residential and commercial type properties within the same community. In suburban areas, zoning codes maintained separate residential and commercial areas, but recently mixed land use has become more popular. This paper examines the effect of mixed land use on the surrounding residential home values using ordinary least squares (OLS) regression to estimate a housing demand function. The equation is estimated using data for all residential properties in Montgomery County, Maryland assessed for value in 2016. The results indicate that mixed land use may have a negative relationship with residential home value assessments.

Language

English

Included in

Economics Commons

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