Summary Statistics
| Variable | In-Sample Mean (Std. Dev.) | In vs. Out of Sample (Std. Err.) | Relationship with BDI (Std. Err.) | Relationship with BDI, with Block Group FE (Std. Err.) |
|---|---|---|---|---|
| (1) | (2) | (3) | (4) | |
| BDI | 1.979 (2.883) | |||
| BDI total | 4.528 (4.724) | |||
| Sales price (2013 dollars) | 248,583 (184,593) | –75,225*** (2,144) | –7,938*** (303) | –6,544*** (1,785) |
| Lot size (acres) | 0.282 (0.604) | –0.671*** (0.012) | –0.022*** (0.001) | –0.001 (0.001) |
| Living area (square feet) | 1,480 (622) | –166.7*** (5.2) | –0.887 (1.031) | 2.177 (3.389) |
| Central AC (1 = yes) | 0.257 (0.437) | –0.087*** (0.003) | –0.014*** (0.001) | –0.002** (0.001) |
| Number of bathrooms | 1.665 (0.704) | –0.187*** (0.005) | –0.015*** (0.001) | –0.003 (0.003) |
| Median family income | 47,210 (16,728) | –9,178*** (122) | –1,322*** (26) | |
| Proportion college graduate | 0.264 (0.168) | –0.046*** (0.001) | –0.005*** (0.001) | |
| Proportion nonwhite | 0.112 (0.155) | 0.054*** (0.001) | 0.020*** (0.001) |
Note: BDI is the sum of the inverse distances to all brownfields within 2 km of a housing transaction that were remediated prior to the transaction. BDI total is a time invariant measure that equals the sum of the inverse distances to all brownfields within 2 km of a housing transaction, regardless of remediation status. Median income, proportion of college graduates, and proportion nonwhite come from the 2000 decennial census at the block group level. For Column 2, variables were regressed on an indicator for in-sample. For Columns 3 and 4, variables were regressed on BDI, and, in Column 4, block group fixed effects. In each of Columns 2–4, the regression coefficient and standard error are displayed. Sample size is 43,787 for Columns 1, 3, and 4 and is 78,415 for Column 2.
↵**, *** Significance at 5% and 1%, respectively.