New urbanism and housing values: a disaggregate assessment
October 28, 2025Do home buyers value the New Urbanist neighborhood? The case of Issaquah Highlands, WA
October 28, 2025Research Article
An Empirical Examination of Traditional Neighborhood Development
By Tu, C. C., & Eppli, M. J.
Full Citation
Tu, C. C., & Eppli, M. J. (2001). An empirical examination of traditional neighborhood development. Real Estate Economics, 29(3), 485-501.
Key Findings
The research finds that homeowners pay more to reside in a TND and that this premium is statistically significant for each of the three new urbanist communities: Kentlands (14.9%), Laguna West (4.1%), and Southern Village (10.3%). Results of a decomposition analysis confirm that consumers pay a price premium to reside in a new urbanist community.