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Housing Values in Suburbs of Boston

This document summarizes housing data from suburbs in Boston. It includes 14 variables such as the crime rate, proportion of land zoned for large lots, percentage of land used for industry, and the median home value for each town. The data comes from two sources published in 1978 and 1980 that studied how environmental factors and housing characteristics influence home prices. The dataset contains 506 observations across the 14 variables.

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Daniel Vilcapoma
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63 views2 pages

Housing Values in Suburbs of Boston

This document summarizes housing data from suburbs in Boston. It includes 14 variables such as the crime rate, proportion of land zoned for large lots, percentage of land used for industry, and the median home value for each town. The data comes from two sources published in 1978 and 1980 that studied how environmental factors and housing characteristics influence home prices. The dataset contains 506 observations across the 14 variables.

Uploaded by

Daniel Vilcapoma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Housing Values in Suburbs of Boston

Description

The Boston data frame has 506 rows and 14 columns.

Usage
Boston

Format

This data frame contains the following columns:


crim

per capita crime rate by town.


zn

proportion of residential land zoned for lots over 25,000 sq.ft.


indus

proportion of non-retail business acres per town.


chas

Charles River dummy variable (= 1 if tract bounds river; 0 otherwise).


nox

nitrogen oxides concentration (parts per 10 million).


rm

average number of rooms per dwelling.


age

proportion of owner-occupied units built prior to 1940.


dis

weighted mean of distances to five Boston employment centres.


rad

index of accessibility to radial highways.


tax

full-value property-tax rate per \$10,000.


ptratio

pupil-teacher ratio by town.


black
1000(Bk - 0.63)^2

where Bk is the proportion of blacks by town.


lstat

lower status of the population (percent).


medv

median value of owner-occupied homes in \$1000s.

Source

Harrison, D. and Rubinfeld, D.L. (1978) Hedonic prices and the demand for
clean air. J. Environ. Economics and Management 5, 81–102.

Belsley D.A., Kuh, E. and Welsch, R.E. (1980) Regression Diagnostics.


Identifying Influential Data and Sources of Collinearity. New York: Wiley.

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