Document Type
Article
Publication Date
4-17-2024
Abstract
Defined in 2003 by the US Office of Management and Budget, Micropolitan areas consist of 10,000 to 50,000 residents, and are partially considered to be emerging metropolitan areas. Given their relatively recent definition, the vast majority of research does not pertain to the micropolitan definition. Using a data set of 500+ micropolitan areas across 600+ counties in the contiguous 48 states, this study aims to seek out and identify intrinsic and socioeconomic determinants of housing prices in micropolitan areas, as well as analyze the severity of their impact, by way of linear OLS regression. The intended impact would be painting a better picture of housing affordability and providing better understanding on housing price fluctuations in areas like our very own Pittsburg, KS. Using these findings, Pittsburg officials and citizens would be provided a better insight on how to upkeep housing value, and derive cultural and social norms that add to the property value of the city, both from an investors and a resident’s perspective.
Recommended Citation
Hughes, Caden, "The Determinants of Housing Prices in Micropolitan Areas" (2024). Oral Presentations. 3.
https://digitalcommons.pittstate.edu/papers_2024/3
