PT  - JOURNAL ARTICLE
AU  - Hodge, Timothy R.
AU  - Sands, Gary
AU  - Skidmore, Mark
TI  - The Land Value Gradient in a (Nearly) Collapsed Urban Real Estate Market
AID  - 10.3368/le.93.4.549
DP  - 2017 Nov 01
TA  - Land Economics
PG  - 549--566
VI  - 93
IP  - 4
4099  - http://le.uwpress.org/content/93/4/549.short
4100  - http://le.uwpress.org/content/93/4/549.full
SO  - Land Econ2017 Nov 01; 93
AB  - This article uses data on 3,788 vacant land sales to explore the pattern of land values in the city of Detroit, Michigan. The analysis provides evidence of a U-shaped land value gradient. Land values are relatively high in and near the central business district (CBD), but the land value gradient is very steep; estimated land values drop precipitously to less than $1,000 for typical sized lot in a vast “donut” area surrounding the CBD. However, land values begin to rise near the city’s border. (JEL R14)