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Multi-Peaked Urban Land Values: City of Akron Case

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Title: Multi-Peaked Urban Land Values: City of Akron Case
Creators: Dutt, Ashok K.; Khan, Abdullah Al-Mamun
Issue Date: 1982-06
Citation: The Ohio Journal of Science. v82, n3 (June, 1982), 114-119
Abstract: Using 1977 data for the City of Akron, this paper examines the spatial relationships between assessed land value and selected variables, including distance from the Central Business District (CBD). A simple correlation analysis demonstrates a very weak inverse relationship between land value and distance. The inverse relationship between commercial land value and distance is only relatively stronger than other relationships, while in the case of residential land value, the relationship is positive. The results from a stepwise multiple regression also suggest that distance from CBD cannot predict urban land value. Land use category, intensity of use, and lot size were identified as important variables influencing land value, but not strong predictors. While analyzing the residuals from regression, the study demonstrated marked regional differences in the relationships and confirmed them through separate sectoral analysis. Suburbanization and the development of multiple centers led to significant changes in the distance — land value relationship, producing a multi-peaked land value surface with higher residential land values in the periphery.
URI: http://hdl.handle.net/1811/22851
ISSN: 0030-0950
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