Scholarlink

<p>Spatial housing segregation occurs in nearly every country around the world, and successful approaches to reversing segregation are lacking. We examined the US context to uncover market factors that may perpetuate segregation. Preferences for own-race neighbors can give rise to both neighborhood racial segregation and house prices that are sensitive to neighborhood racial composition. We examined how these two related impacts of neighborhood racial preferences might influence one another. We found that in majority White neighborhoods, an increase in the proportion of residents who were Black from 6 to 12% was associated with a 6.4% decline in neighborhood house prices, or nearly $13,000 for a “typical” house priced around $200,000. Further, in our sample of 98 US markets, the “Black penalty” whereby houses in neighborhoods with more Black residents sell for a lower price is largest in majority White neighborhoods that are at increased risk of tipping to majority Black, is economically meaningful, pervasive, likely created by the same market behaviors that produce neighborhood racial tipping and may create economic incentives for maintaining status quo neighborhood segregation by race.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Do People Pay to Avoid Black Neighbors?

  • 期刊论文

  • 发表日期：

    2025年7月11日

查看全文
  • Tammy Leonard,
  • Lei Zhang

摘要

Spatial housing segregation occurs in nearly every country around the world, and successful approaches to reversing segregation are lacking. We examined the US context to uncover market factors that may perpetuate segregation. Preferences for own-race neighbors can give rise to both neighborhood racial segregation and house prices that are sensitive to neighborhood racial composition. We examined how these two related impacts of neighborhood racial preferences might influence one another. We found that in majority White neighborhoods, an increase in the proportion of residents who were Black from 6 to 12% was associated with a 6.4% decline in neighborhood house prices, or nearly $13,000 for a “typical” house priced around $200,000. Further, in our sample of 98 US markets, the “Black penalty” whereby houses in neighborhoods with more Black residents sell for a lower price is largest in majority White neighborhoods that are at increased risk of tipping to majority Black, is economically meaningful, pervasive, likely created by the same market behaviors that produce neighborhood racial tipping and may create economic incentives for maintaining status quo neighborhood segregation by race.