Understanding the Determinants of Single-family Residential Redevelopment in the Inner-ring Suburbs of Chicago

Abstract

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.

Expanding the scope of studentification studies

“…The spatial scales of migration studies might be too large, whereas studentification “occurs on a street‐by‐street basis” (Hubbard, , p. 331). Even if finer‐scale data were used, quantitative methods would not address a transition from students to gentrifiers because the attributes of both students and gentrifiers and sites of gentrification are diversifying: labels such as “rural gentrification” (Phillips, ), “suburban gentrification” (Charles, , ), and “global gentrification” (Lees, Shin, & López‐Morales, ) represent the ubiquity of gentrification (see also, Smith, ). People have idiosyncratic reasons for living in so‐called gentrified areas, and their ways of life vary with respect to family stages and socioeconomic status.…”

Neighborhood Change in Metropolitan America, 1990 to 2010

“…During the 1990s and early 2000s, certain types of neighborhoods in many revitalizing cities experienced gentrification Hudson, 1980;Newman and Ashton, 2004). In addition to the gentrification observed in central cities, suburbs, especially older, inner-ring suburbs, have also experienced the class-based processes of neighborhood upgrading (Charles, 2011).…”

Shaky Palaces? Analyzing Property Values and their Appreciation in Minority First Suburbs

“…The variables Median Age of Housing Unit and Change in Median Age of Housing Unit have inconsistent signs that are inconsistent with the literature, which predicts a positive sign for the age of the housing unit (Kain and Quigley, 1970; Ball, 1973; Rosen, 1974; Long and Caudill, 1992; Sirmans and Macpherson, 2003). Recent literature on First Suburbs points out that there are some older suburbs that have an old yet well‐maintained housing stock, which might explain this inconsistency (Hanlon et al ., 2006; 2009; Hanlon, 2008a; 2008b; 2009a; 2009b; Charles, 2011).…”