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date: 20 July 2019

Abstract and Keywords

This chapter examines the impact of crime and accessibility on housing prices. In particular, it assesses the effect of residential burglary on apartment prices in Stockholm, building on previous research that indicated residential burglary—not violence or vandalism—had the greatest effect on apartment prices in the Swedish capital. A review of the literature on hedonic modeling covering more than three decades shows that, despite different modeling strategies, these studies consistently find evidence that crime affects housing prices. Two measures of accessibility are used: a “global” distance decay from Stockholm city center and a “local” measure of accessibility to work expressed as travel costs. Results for all of Stockholm County confirm previous findings once limited to Stockholm municipality only, that residential burglary reduces apartment prices. However, such an effect varies across space and levels of accessibility.

Keywords: housing price, apartment price, accessibility, crime rate, environmental criminology, residential burglary, Stockholm, Sweden

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