This study identifies the determinants of single-family residential redevelopment considering both individual housing physical and locational characteristics and the socioeconomic characteristics of the neighbourhood and district within which the house is located. A non-nested multilevel logit analysis is performed on a parcel-level dataset of all single-family residential parcels located within 128 inner-ring suburbs of Chicago, between 2000 and 2010. Findings indicate that properties with smaller houses, lower floor-area to lot-size ratios, and lower ratios of their value to that of their neighbourhood, as well as properties located in high-quality school districts, are more likely to be redeveloped. The median property value of a neighbourhood does not have a large effect on whether a property is redeveloped, but neighbourhoods with higher proportions of Black and Hispanic residents were significantly less likely to experience redevelopment.
This study examines the process of housing redevelopment, using data of single-family residential redevelopment that occurred in all 128 inner-ring suburbs of Chicago, USA, located in Cook County, between 2000 and 2010. Using exploratory spatial data analysis techniques, I identify the magnitude and the spatial locations of redevelopment, revealing the different types of suburban neighbourhoods in which redevelopment occurs. I then examine how the location and extent of redevelopment changed between 2000 and 2010 and how the physical manifestation of redevelopment varied across different types of suburban neighbourhoods. Findings reveal that redevelopment is spatially clustered, occurring in a variety of places ranging from modest middle-income neighbourhoods to very highly affluent neighbourhoods. Redevelopment often began in areas with high property values, and as house prices rose rapidly through the first half of the decade, it expanded into adjacent, less affluent neighbourhoods, retracting again at the end of the decade.
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