The influence of neighborhood racial transition and composition on multifamily property performance /
This research studies the relationship between multifamily real estate performance and point and interval neighborhood demographics, namely per capita income, racial composition, racial transition, in the five largest metropolitan statistical areas (MSAs) in the state of Texas: Austin-San Marcos, Da...
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| Format: | Thesis Book |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified] ;
2002.
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| Subjects: | |
| Online Access: | http://proxy.library.tamu.edu/login?url=http://proquest.umi.com/pqdweb?did=726446291&sid=1&Fmt=2&clientId=2945&RQT=309&VName=PQD |
| Summary: | This research studies the relationship between multifamily real estate performance and point and interval neighborhood demographics, namely per capita income, racial composition, racial transition, in the five largest metropolitan statistical areas (MSAs) in the state of Texas: Austin-San Marcos, Dallas, Fort Worth-Arlington, Houston, and San Antonio. In addition, the study investigates the influence of government rent subsidies on multifamily property performance in these five MSAs. Empirical research on real estate has focused primarily on single-family dwellings. Very little research has been conducted on income-producing properties, like multifamily property. Considering that multifamily rental housing is the second most prevalent combination of tenure and structure, followed only by single-family home ownership, this void in the body of knowledge needs to be filled. This study uses data from three different sources: Multifamily Information Solutions Incorporated's (MISI) AptData[TM] database, U.S. Census Bureau, and databases belonging to fourteen appraisal districts. The research employs both multiple regression analysis and analysis of variance to test four research hypotheses. The study's empirical findings show that within the five largest Texas MSAs racial composition of neighborhoods, independent of neighborhood income per capita, influences multifamily property performance, which this study defines as the combined factors of rental rate, net operating income, and assessed value. The findings also show that between 1990 and 2000 racial transition of neighborhoods within the Dallas MSA negatively impacted property performance significantly, whereas the impact is not significant in the other four MSAs studied. Through both multiple regression analysis and analysis of variance, evidence exists that properties receiving government rental subsidies maintain lower levels of performance than properties that do not receive subsidies. |
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| Item Description: | Vita. "Major Subject: Urban and Regional Science". |
| Physical Description: | xi, 133 leaves : illustrations, maps ; 28 cm. Issued also on microfiche from University Microfilm Inc. |
| Bibliography: | Includes bibliographical references (leaves 118-121). |