Research

Property values on the plains: the impact of historic preservation

We provide an estimate of the impact of historic designation on the sale price of single-family homes in Lincoln, Nebraska neighborhoods. We contribute to the literature by measuring the impact of historic designation using sale prices rather than assessed values, and by utilizing time series, cross-section data with both pre-designation and post-designation observations. The entire sample is used to estimate a difference-in-difference model which shows that historic designation yields a $5,000 increase in the value of single-family homes in the period after designation. A sub-sample of houses with repeat sales is used to estimate a repeat sales model, which shows that designation does not impact appreciation rates.

Publication Information
Article Title: Property values on the plains: the impact of historic preservation
Journal: Annals of Regional Science (2010)
45
Author(s): Thompson, Eric;  Rosenbaum, David I
Researcher Information
    
Thompson, Eric
Thompson, Eric
Karl H. Nelson Associate Professor of Economics, Director of the Bureau of Business Research
Expertise:
  • Bureau of Business Research
  • Regional Economics
Economics
CoB 523 AA
P.O. Box 880489
University of Nebraska-Lincoln
Lincoln, NE 68588-0489, USA
Phone: (402) 472-3318
Fax: (402) 472-9700
ethompson2@unl.edu
Rosenbaum, David I
Rosenbaum, David I
Associate Director of the Bureau of Business Research,
Expertise:
  • Forensic Economics
  • Applied Microeconomics
  • Cost-Benefit Analysis
Economics
CoB 525 J
P.O. Box 880489
University of Nebraska-Lincoln
Lincoln, NE 68588-0489, USA
Phone: (402) 472-2318
Fax: (402) 472-9700
drosenbaum1@unl.edu