Value of walkability in midtown Tulsa
Abstract
This study examines various factors that influence home prices in the midtown area of Tulsa, Oklahoma with particular focus on factors related to walkability. Home sales price is used as a proxy for demand and as a measure of the value that residents of Midtown Tulsa place on neighborhood walkability. Using parcel data obtained from the Tulsa County Assessor's Office, combined with various walkability factors, the project looks for areas of Midtown Tulsa in which home prices appear to be influenced by pedestrian-oriented amenities. The results of the statistical analysis suggest that there are indeed residential clusters in Midtown Tulsa where home prices appear to be influenced by walkability factors. In particular, the geographically weighted analysis provides clear evidence that relationships between home prices and selected variables are not uniform across the study area and that such relationships are varied and complex. Maps of the GWR results display clustered groupings, sometimes of significant positive relationships, sometimes of negative relationships for any given variable. The results raise questions about the nature of the built environment in Midtown Tulsa and the nature of residents, who may or may not place a value on living in a walkable place. This study has illustrated the complex mix of factors that influence home prices in Midtown Tulsa and has suggested the possibility that walkability might factor into the equation, at least in some pockets.
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- OSU Dissertations [11222]