Dissertations and Theses

Date of Award

2020

Document Type

Thesis

Department

Economics and Business

First Advisor

Kevin Foster

Second Advisor

John Schmitz

Keywords

Zoning, Housing, Historic District, Housing prices, Overlay districts

Abstract

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.

Available for download on Wednesday, November 18, 2020

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