Neighborhood characteristics and resistance to the impacts of housing abandonment

Abstract

Housing abandonment is often disproportionally distributed across a city. Past research has determined that a number of neighborhood socioeconomic and spatial characteristics are associated with housing abandonment. However, past research has not examined the degree to which the impact of housing abandonment varies with specific neighborhood characteristics. Therefore, this research examines whether the impact of housing abandonment on nearby property values varies among different neighborhoods, whether the impact changes at unequal rates over time, and, if so, what accounts for such variability. Focusing on Baltimore neighborhoods between 2001 and 2010, this research found considerable variability in the magnitude of impact of housing abandonment among neighborhoods and that the magnitude of impact changed at unequal rates among neighborhoods over time. Neighborhood crime rate was the strongest predictor of the variability in the magnitude of impact of housing abandonment among neighborhoods. Neighborhood unemployment rate, housing unaffordability, proportion of properties with housing violations, and foreclosure rates also influenced the variability in the impact of housing abandonment.

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