Date of Award
Economics and Business
Zoning, Housing, Historic District, Housing prices, Overlay districts
Zoning has a significant impact on our built environment. Overlay zoning, an additional form of restrictive zoning, is a tool that municipalities utilize to control development and changes to neighborhoods. This study analyzes the impact that historic district (H-1) and neighborhood character (ND-1) overlays have on home sale prices in Lexington, KY. Results suggests that overlays have a significant positive impact on home values. Results also suggest that that overlays exhibit spatial impacts that extend further than the homes included in the overlay.
Price, Taylor S., "Zoning – Neighborhood Character and Historic Overlays in Lexington, KY" (2020). CUNY Academic Works.