Article Title
An Empirical Analysis of the Impact Specific Crimes Have on Property Values in Massachusetts
Abstract
This research paper examines the impact of specific crime types on property values in urban areas. Using a dataset of property sales and crime data from several cities in Massachusetts, a regression analysis is applied to estimate the effect of different crime types on property values. Our findings suggest that certain types of crime, such as violent crimes and drug-related offenses, have a significant negative impact on property values, while other types of crime, such as property crimes and white-collar crimes, have a relatively small effect on property values. We also find that the effect of crime on property values varies across different neighborhoods and is influenced by factors such as socioeconomic status of the neighborhood. These results have important implications for policymakers and urban planners seeking to improve public safety and promote economic development in urban areas.
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