The value of a neighborhood street with reference to the cul-de-sac

  • Paul K. Asabere


This article provides empirical evidence from Halifax, Nova Scotia, confirming the view that the type of neighborhood street can affect home values. The study identifies two categories of streets-the cul-de-sac and the grid-and measures their impacts on home value. The hypothesis that the cul-de-sac would attract premium values was supported by the study. In this study, the cul-de-sac generated a 29 percent price premium over the grid street pattern. The study concludes with a discussion of planning and development implications.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Alonso, W. Location and Land Use. Cambridge: Harvard University Press, 1964.Google Scholar
  2. Anderson, R.J., and Crocker, T.D. “Air Pollution and Residential Property Values.” Urban Studies 8 (1971), 171–180.Google Scholar
  3. Appleyard, D. Livable Streets. University of California Press, 1981.Google Scholar
  4. Asabere, P., and Colwell, P.F. “Zoning and the Value of Urban Land.” Real Estate Issues (1984).Google Scholar
  5. Asabere, P., Hachey, G., and Grubaugh. “Architecture, Historic Zoning and Value of Homes.” Journal of Real Estate Finance and Economics 2 (September 1989).Google Scholar
  6. Asabere, P., and Harvey, B. “Factors Influencing Urban Land Values: Evidence from Halifax-Dartmouth.” Journal of American Real Estate and Urban Economics Association 13 (1985).Google Scholar
  7. Blomquist, G., and Worley, L. “Hedonic Prices, Demands for Urban Housing Amenities, and Benefit Estimates.” Unpublished manuscript, 1980.Google Scholar
  8. Box, G., and Cox, D. “An Analysis of Transformations.” Journal of American Statistical Association, Series B, 26 (1964), 211–243.Google Scholar
  9. Box, G., and Tidwell, P.W. “Transformations of Independent Variables.” Technometrics (1962), 531–550.Google Scholar
  10. Brown, J.N., and Rosen, H.S. “On the Estimation of Structural Hedonic Price Models.” Econometrica 50 (1982), 765–768.Google Scholar
  11. Dahir, J. The Neighborhood Unit Plan: Its Spread and Acceptance. New York: Russel Sage Foundation, 1947.Google Scholar
  12. Diamond, D.B. “The Relationship Between Amenities and Urban Land Values.” Land Economics 51 (1980), 1–32.Google Scholar
  13. Diamond, D.B., and Smith, B.A. “Simultaneity in the Market for Housing Characteristics.” Journal of Urban Economics 17 (1985), 280–292.Google Scholar
  14. Diamond, D.B., and Tolley, G.S. The Economics of Urban Amenities. New York: Academic Press, 1982.Google Scholar
  15. Downs, A. Neighborhoods and Urban Development. Washington, D.C. The Brookings Institution, 1981.Google Scholar
  16. Edel, M., and Sclar, T. “Taxes, Spending, and Property Values:Supply Adjustments in a Tiebout-Oates World”. Journal of Political Economy 82 (1974), 941–954.Google Scholar
  17. Freeman, A. “The Hedonic Price Approach to Measuring Demand for Neighborhood Characteristics.” In D. Segal, ed., Studies in Urban Economics. New York: Academic Press, 1979.Google Scholar
  18. Griliches, Z. “Hedonic Price Indexes for Automobiles,” In Price Statistics of the Federal Government. National Bureau of Economics Research, 1961.Google Scholar
  19. — “Hedonic Price Indexes Revisited: Some Notes on the State of the Art.” In Z. Griliches, ed., Price Indexes and Quality Change. Cambridge, MA: Harvard University Press, 1971.Google Scholar
  20. Halvorsen, R., and Pollakowski, H.O. “Choice for Functional Form for Hedonic Price Equation.” Journal of Urban Economics 10 (1981), 37–49.Google Scholar
  21. Harrison, D., and Rubinfeld, D. “Hedonic Housing Prices and the Demand for Clean Air.” Journal of Environmental Economic Management 5 (1978), 81–102.Google Scholar
  22. Horowitz, J.L. “Identification and Stochastic Specification in Rosen's Hedonic Price Model.” Journal of Urban Economics 22 (1987), 116–173.Google Scholar
  23. Jacobs, J. The Death and Life of Great American Cities. New York: Random House, 1961.Google Scholar
  24. Jud, G.D., and Watts, J.M. “Schools and Housing Value.” Land Economics 57 (1981), 459–470.Google Scholar
  25. Kain, J., and Quigley, J. Housing Markets and Racial Discrimination. New York: National Bureau of Economic Research, 1975.Google Scholar
  26. King, A. “The Demand for Housing: Integrating the Roles of Journey-to-Work, Neighborhood Quality, and Prices.” In N. Tericckyj, ed., Household Production and Consumption. New York: National Bureau of Economic Research, 1975.Google Scholar
  27. Linneman, P. “An Empirical Methodology for Analyzing the Properties of Public Goods.” Economic Inquiry 18 (1980), 600–617.Google Scholar
  28. — “The Demand for Residence Site Characteristics.” Journal of Urban Economics, 9 (1981), 129–149.Google Scholar
  29. McKeever, J.R. The Community Builders Handbook. Washington, D.C.: Urban Land Institute, 1968.Google Scholar
  30. Mieszkowski, P., and Saper, A. “An Estimate of the Effects of Airport Noise on Property Values.” Journal of Urban Economics (1978), 425–440.Google Scholar
  31. Mohring, H. “Land Values and Measurement of Highway Benefits.” Journal of Political Economy 69 (1961), 236–249.Google Scholar
  32. Murray, M.P. “Mythical Demands and Mythical Supplies for Proper Estimation of Rosen's Hedonic Price Model.” Journal of Urban Economics 14 (1983), 327–337.Google Scholar
  33. Nelson, J. “Residential Choice, Hedonic Prices, and Demand for Urban Air Quality.” Journal of Urban Economics 5 (1978), 357–369.Google Scholar
  34. Pollard, R. Topographies, Amenities, and Building Height in an Urban Area. Ph.D. dissertation, University of Chicago, 1977.Google Scholar
  35. Quigley, J.M. “Housing Demand in the Short Run: An Analysis of Polytomous Choice.” Explor. in Econ. Res. 3: 76–102, 1976.Google Scholar
  36. — “Nonlinear Budget Constraints and Consumer Demand: An Application to Public Programs for Residential Housing.” Journal of Urban Economics 13 (1982), 177–201.Google Scholar
  37. Ridker, R.G., and Henning, J.A. “The Determinants of Residential Property Values with Special Reference to Air Pollution.” Review of Economics and Statistics 49 (1967), 246–256.Google Scholar
  38. Rosen, H., and Fullerton, D. “A Note on Local Tax Rates, Public Benefit Levels, and Property Values.” Journal of Political Economy 85 (1977), 433–440.Google Scholar
  39. Rosen, S. “Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition.” Journal of Political Economy 82 (1974), 34–35.Google Scholar
  40. Spitzer, J.J. “Variance Estimates in Models with the Box-Cox Transformation: Implications for Estimation and Hypothesis Testing.” The Review of Economics and Statistics (1985).Google Scholar
  41. Straszheim, M. “Estimation of Demand for Housing Services from Household Interview Data.” The Review of Economics and Statistics 55 (1973).Google Scholar
  42. Vaughn, R. The Residential Demand for Urban Parks. Ph.D. dissertation, University of Chicago, 1974.Google Scholar

Copyright information

© Kluwer Academic Publishers 1990

Authors and Affiliations

  • Paul K. Asabere
    • 1
  1. 1.Department of Legal and Real Estate StudiesTemple UniversityPhiladelphiaUSA

Personalised recommendations