Housing Price Study
Brian Lee, Department of Landscape Architecture
Drew Heering, Department of Landscape Architecture
A study of the effects of the Lexington-Fayette County Urban Service Area on housing price.
This is an investigation into the housing price relationships inside and outside the Urban Service Area (USA) of Lexington-Fayette County, Kentucky and adjacent counties. The Lexington-Fayette County USA was instituted in 1958 and is generally recognized as the oldest in the country. This study replicates the hedonic price framework approach of a Portland, Oregon study for Lexington-Fayette County using census block group data from 2000. What are the major variables that will largely determine housing prince in the seven county region? Does the USA boundary influence housing price or are there other variables? A paper for this project is in the later stages of development and is expected to be ready for peer review in the coming months.