The Journal of Real Estate Finance and Economics

, Volume 2, Issue 3, pp 181–195

Architecture, historic zoning, and the value of homes

  • Paul K. Asabere
  • George Hachey
  • Steven Grubaugh


The principal objective of this paper is to detect any partial effects due to architecture on home value. The empirical results show that premium prices are associated with the historical architectural styles like colonial, federal, garrison, and Victorian. A second objective to detect potential impacts of historic zoning, however, does not show conclusively that the historic district of Newburyport has positive external effects.


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Copyright information

© Kluwer Academic Publishers 1989

Authors and Affiliations

  • Paul K. Asabere
    • 1
  • George Hachey
    • 2
  • Steven Grubaugh
    • 3
  1. 1.Department of Legal and Real Estate StudiesTemple UniversityPhiladelphiaUSA
  2. 2.Bentley CollegeBentleyUK
  3. 3.Bentley CollegeBentleyUK

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