Abstract

The following study looks to attempt to create a model for predicting gentrification as seen through a rise in median land value in Philadelphia. The study uses data provided by the American Community Survey to track the change in Median housing and rent values from 2010- 2014 at the tract level. The purpose of the study is to see if it is possible to systematically determine which variables a developer takes into account when choosing a new neighborhood in which to invest. Results from the model indicate that the primary indicative variables are spatial interaction variables, or the presence of certain variables in surrounding neighborhoods.

Advisor

Burnell, James

Department

Business Economics

Disciplines

Real Estate

Publication Date

2016

Degree Granted

Bachelor of Arts

Document Type

Senior Independent Study Thesis

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© Copyright 2016 Aidan Conley