Abstract

This article uses data on 3,788 vacant land sales to explore the pattern of land values in the city of Detroit, Michigan. The analysis provides evidence of a U-shaped land value gradient. Land values are relatively high in and near the central business district (CBD), but the land value gradient is very steep; estimated land values drop precipitously to less than $1,000 for typical sized lot in a vast "donut" area surrounding the CBD. However, land values begin to rise near the city's border. (JEL R14)

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Additional Information

ISSN
1543-8325
Print ISSN
0023-7639
Pages
pp. 549-566
Launched on MUSE
2017-10-11
Open Access
No
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