Violent-Crime Rate and House Value in Detroit, Holland, and Jackson, Michigan
Dr. John Lunn
Many different variables help determine the value of a house; including number of bedrooms, bathrooms, square feet of the house, location, etc. This study attempts to determine what, if any, impact the violent crime rate of a city has on the value of houses located within said city. Using a semi-log regression in STATA to analyze the data it is determined that the number of bathrooms, square footage of the house, and percentage of the population affected by violent crime, all significantly affect the list price of each individual house price.
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