Does Crime Impact Real Estate Prices? An Assessment of Accessibility and Location

In this study, we aim to contribute to this literature by assessing the impact of crimeand accessibility on housing prices. Accessibility is expected to have a positive impacton housing prices, but good accessibility to a place may also mean more crime, becausean accessible place allows more social interaction, more crime opportunities, and morecrime, pulling housing prices down. Individuals make choices based on a trade- offbetween accessibility and criminality. Using hedonic modeling, we empirically assessthis trade- off after controlling for other property and neighborhood characteristics.QC 20210825