Emergency Management & Public Administration
The principles of New Urbanism such as increased density, mixed land uses and street connectivity are often recommended in response to the typical conditions of suburban developments. Much current empirical research has begun to test whether these principles can increase property values. The findings of these empirical studies have, however, been quite inconsistent. This research attempts to quantitatively synthesize these conflicting findings through a statistical meta-analysis. This study found that a lower density, decreased street connectivity and a closer proximity to a transit stop contributed to increased housing premiums, while mixed land uses were not shown to always do so.
Park, Y., Huang, S.-K., & Newman, G. D. (2016). A Statistical Meta-analysis of the Design Components of New Urbanism on Housing Prices. Journal of Planning Literature, 31(4), 435–451. https://doi.org/10.1177/0885412216667898