Table 4

Preferred Specification with Interaction Effects

Variable: ln(price)Model 1Model 2Model 3
Number of groceries within 0.5 mi  0.0070 (0.0046)  0.00070 (0.0046)  0.0029 (0.0046)
Number of groceries within 0.5 to 1.0 mi  0.0026 (0.0045)  0.0027 (0.0046)  0.0010 (0.0048)
Grocery 0.5 ×AA + LA  0.0141* (0.0078)  0.0147* (0.075)  0.0225** (0.0070)
Grocery 0.5–1.0 ×AA + LA  0.0123 (0.0076)  0.0124 (0.0075)  0.0171* (0.0078)
% AA +% LA census tract–0.2951*** (0.0353)–0.2972*** (0.0344)–0.2603*** (0.0413)
Distance to other commercial  0.0585*** (0.0077)  0.0624*** (0.0077)
Distance to other commercial2–0.0175*** (0.0034)–0.0180*** (0.0035)
Commercial lot %within 1.0 mi–0.0005 (0.0006)–0.0003 (0.0006)
Number of bars within 0.5 mi  0.0138** (0.0051)
Number of bars within 0.5 to 1.0 mi–0.0056* (0.0027)
Bars 0.5 ×AA + LA–0.0335*** (0.0058)
Bars 0.5–1.0 ×AA + LA–0.0056 (0.0027)
Observations26,91226,91226,912
Adjusted R20.73940.73950.7402

  • Note: Standard errors clustered at the year of sale level. AA, African American; LA, Latino American.

  • ↵* Significant at 10%;

  • ↵** significant at 5%;

  • ↵*** significant at 1%.