Jahja, Sebastiana (2023) Exploring the Relationship between Air Pollution and Housing Prices in Owner-occupied and Rental Housings in the United States of America. Master thesis.
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Abstract
According to American Lung Association, over 40% of the American population resides in areas where pollutant levels exceed recommended thresholds, posing a significant health risk. For this reason, this study focuses on understanding the relationship between air pollution and housing prices, specifically how the relationship between owner-occupied and rental housing differs. Current academic literature found that air pollution had a negative relationship with the house value of owner-occupied housing, but limited research has been performed on rental housing. This thesis conducts cross-sectional and longitudinal studies by performing linear and polynomial regressions in each study. The study finds that the relationship between air pollution and housing prices for owner-occupied and rental housing is not linear. At the low and high levels of PM2.5, the relationship with housing (rental) prices is negative. However, in the mid-level of PM2.5, the relationship tends to be positive. In addition, as PM2.5 increases or decreases within a specific range, there are corresponding increased in house values and rents. In conclusion, this study reveals a complex relationship between air pollution and housing prices in the United States, indicating potential socioeconomic disparities.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Mawhorter, S.L. |
| Date Deposited: | 06 Sep 2023 12:04 |
| Last Modified: | 06 Sep 2023 12:04 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4374 |
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