A new study conducted in Columbus, Ohio, demonstrates how housing prices and neighborhood values have become polarized in some urban areas, with the rich getting richer and the poor getting poorer.
A research team at Ohio State University’s Center for Urban and Regional Analysis (CURA) used a high-resolution housing transactions database to analyze nearly 480,000 home sales in the Columbus area between 2000 and 2015 to see how housing values have changed in specific neighborhoods.
The findings, published in the journal Geographical Analysis, suggest that some of the factors long believed to affect neighborhood values such as the distance to downtown, nearby highways, or attractions such as city parks, no longer matter much to changing house
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