Table 2

Results on the Impacts of Flood Zone Status

VariableModel 1Model 2Model 3Model 4Model 5
Coeff.Std. Err.Coeff.Std. Err.Coeff.Std. Err.Coeff.Std. Err.Coeff.Std. Err.
Flood zones-0.0616**0.0293-0.1340***0.0406-0.0861**0.0358-0.08200.0728-0.04940.0418
Numerical grade0.0083***0.00070.0086***0.00080.0085***0.0006
Parcel acreage0.0323***0.00580.0230*0.01170.0290**0.0135
Living footage0.0001***0.00000.0001***0.00000.0001***0.0000
Age of house0.00020.0002-0.00010.0001-0.00010.0001-0.0956***0.0102-0.0346***0.0112
Number of rooms0.0198**0.00760.0169***0.00600.0245***0.0054
Number of bedrooms0.0783***0.01680.0555***0.01420.0627***0.0145
Number of full baths-0.0626***0.0143-0.0494***0.0126-0.0440***0.0118
Number of half baths-0.00100.00900.01840.0126-0.00100.0120
Garage footage0.00000.00000.0000*0.00000.0001**0.0000
Number of cars0.1033***0.01220.1414***0.01280.0679***0.0153
Basement0.0395***0.01400.03300.02040.0520**0.0217
Finished basement0.0595***0.01340.0633***0.01880.0460***0.0137
Fireplace0.0392***0.01420.0495***0.01700.0522***0.0166
Pool0.0442**0.01840.0983**0.04350.0786*0.0398
Minutes to Penn State-0.0135***0.0032-0.0152**0.0067-0.0137**0.0063
Year and quarter dummiesYesYesYesYesYes
Adjusted R-squared0.65380.41360.61100.49660.8865
Samplesa12323
Number of observations10,09321,13714,92621,13714,926
Fixed effectsTownshipTownshipTownshipParcelParcel
Number of groups3636368,6266,342
Clustered errorsYesYesYesYesYes

  • ↵a 1 = Most recent valid sales; 2 = Repeat sales; 3 = Screened repeat sales.

  • ↵*, **, *** Significant at the 10%, 5%, and 1% levels, respectively.