Location

Jereld R. Nicholson Library: Grand Avenue

Subject Area

Economics

Description

We estimate a hedonic model for housing prices in Wilsonville, Oregon. Our data for 197 houses is drawn from Zillow for 2014 to 2017. We find that the number of bedrooms, the square footage of the house, and whether the house is single level are statistically significant factors affecting housing prices. Location variables are also found to be statistically significant. As an example, the price of a house on the Charbonneau Golf Course is estimated to be 15% higher than the price of a house located elsewhere in Wilsonville.

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A Hedonic Model for Housing Prices in Wilsonville, Oregon

Jereld R. Nicholson Library: Grand Avenue

We estimate a hedonic model for housing prices in Wilsonville, Oregon. Our data for 197 houses is drawn from Zillow for 2014 to 2017. We find that the number of bedrooms, the square footage of the house, and whether the house is single level are statistically significant factors affecting housing prices. Location variables are also found to be statistically significant. As an example, the price of a house on the Charbonneau Golf Course is estimated to be 15% higher than the price of a house located elsewhere in Wilsonville.

 

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