Economic Factors Contributing to Variations in Housing Prices in the U.S.
MetadataShow full item record
As income inequality in the U.S. rises, a pattern of residential segregation becomes more apparent. This paper seeks to test if differences in education can account for variation in housing prices across zip codes. We have developed regression models to analyze several economic factors, mainly education, and their relationship with housing costs. We discovered a positive linear relationship between the percentage of people with higher levels of college education and higher housing prices in the zip code. These findings support the idea that education is a predictor of geographic stratification.