spb/wp3_uqo Public
UQO Working Paper No. 3 — Hedonic housing price models for the US: parametric, quantile, and machine-learning approaches.
TeX 77.8%
Python 22.1%
1variable,tau_0.1,tau_0.25,tau_0.5,tau_0.75,tau_0.92const,11.849922509837597,12.9340569752776,12.905365898221135,12.759226198375472,12.5952476855854913ln_sqft,0.357906558015884,0.31315890465566554,0.27515897025811853,0.2371397708989207,0.25122396333654254bedrooms,-0.08509469951411575,-0.07625745069513812,-0.0638549497104961,-0.03746177047793253,-0.034102552630500335bathrooms,0.1566429969949361,0.1950009997400457,0.23448904213131527,0.25865196614199704,0.259304946697739076age,-0.4300731898485992,-0.2013515666214971,-0.06554365595138734,-0.007241910385346273,-0.025502291702196097age_sq,0.04795536590722804,0.049199292479329415,0.047199019410783194,0.0371015179084111,0.037697905622053448stories,0.0010185912817231024,0.0007388941498257529,0.0004229117881728861,6.514740521970652e-05,-0.00034176824226062059bath_per_bed,-0.0099584967795181,-0.034250431416580795,-0.043648046694777065,-0.04211958023972784,-0.028095067568301610sqft_per_bed,-0.058342276302596474,-0.016745977628147557,0.01765566532267826,0.06485749954231323,0.0792078476426922911ln_lot,0.04514794272755296,0.05073463930068556,0.061395118988230024,0.07026873810184497,0.0859687800847268612has_pool,0.007619114257181536,0.007567236582929127,0.01852448921101768,0.06089096990388043,0.094326500730403513has_spa,0.03874780628530061,0.0180789066290572,0.022480035755336303,0.01713714070928063,0.000507208065926079114has_basement,-0.014815995963431305,-0.021878514973792562,-0.03292261803750307,-0.05359667516574973,-0.0755300367667501915has_fireplace,0.04143406040316222,0.009673776584136817,-0.012110259046437477,-0.030380737792256696,-0.03295257982222210616has_garage,0.2053782753120288,0.14566117388744715,0.10218886135783123,0.06149881536930479,0.02037274103008712717on_waterfront,-0.09992358214367414,-0.1768454478269632,-0.25268568768296973,-0.13252779024332995,-0.3223871583454638318has_central_air,0.11740902357462346,0.08029035727824407,0.0520164489072954,0.0327931879610901,0.01603207873074552519has_forced_air,0.0008684938962915112,-0.005696801255226092,-0.011830238361042689,-0.023570379195859914,-0.0181335017667834120has_hardwood,0.10016602236504468,0.10380894856638179,0.12116497595869191,0.13110461290477815,0.133011479944741521parking_spaces,-0.013349256571308032,691.2545724222437,317.1821111976169,-97.82401308976114,-527.345863536000322luxury_score,0.01795960286455056,0.03786385584298557,0.05448826598863832,0.06812524466482728,0.0718808050819461623walk_score,-0.028821622997128316,-0.022953879673423216,-0.009698874555368775,0.0032705419677938607,0.00524677172450083224bike_score,0.04614100701697055,0.05065453518817975,0.06054683836375574,0.07629735539659066,0.0857968422033081925transit_score,0.04534395234946942,0.04497839103453316,0.04730634611325968,0.05451710282051181,0.04650314757645901426avg_school_rating,-0.030127607614179652,-0.02716668107517961,-0.030166600347527606,-0.035105525183567465,-0.042089411332938227school_count,-0.004427547246081076,-0.0030891381105391247,-0.0018832999121798366,-0.0006446806877562494,0.00275728380755424528nearest_school_distance,-0.009825656338108502,-0.011944345715932059,-0.012153764041791248,-0.011324228484667742,-0.01027900482410615329property_tax_rate,-0.004190249743572849,-0.009798506651442551,-0.019304189575279906,-0.03103226526980052,-0.03620996974223089630is_condo,-0.16580809676270292,-0.1452260638673124,-0.07976984357242145,-0.010947594474828293,0.06162371714799519431has_hoa,-0.10534155607763296,-0.1127840169685328,-0.10753730031827047,-0.10247201722563659,-0.0928468917472855532ln_hoa,0.07649782561563256,0.06853089826370251,0.05281376308886365,0.03951118575315604,0.01786467055944740433tag_new_construction,0.07909377418218355,0.06849862210100355,0.07785836930290202,0.09124375008067886,0.0960030272412950634tag_foreclosure,-0.49355306301913515,-0.4725296085081965,-0.37856554145173504,-0.3266230110490369,-0.3383189392432086635sqft_x_age,0.18235567125043417,0.012388534724777855,-0.08005913709064316,-0.09555883228858875,-0.04669951880077860636pool_x_south,0.006391342583270898,0.005893986986379218,0.005282726790028391,-0.008522821525474455,-0.02204332609067449837waterfront_x_sqft,0.09101773103611777,0.12208861861631704,0.1619417999977486,0.14575440967382747,0.2168157121079161738basement_x_north,-0.01805429847563289,-0.01824052704745327,-0.01526305193999633,-0.013064216110876714,-0.00958283712218133139condo_x_walkscore,0.09998897118856576,0.10163621372083753,0.08864137304550468,0.06819214478559843,0.0686834732248371440age_x_luxury,0.053901540188448394,0.04394070996114863,0.038229670244220415,0.037654097542031195,0.0371200646823126641roof_cat_Metal,-0.00815807405609803,0.04031307685249885,0.035074643255370574,0.07286993336492742,0.1278798110070056342roof_cat_Other,-0.0019282099452198054,0.03822601443198437,-0.0007021735834769061,0.007828057809319944,0.03057348030051798643roof_cat_Shingle_Comp,-0.03762212077720051,-0.02165351267672122,-0.09329276732273684,-0.12490439282146326,-0.158127500116648944roof_cat_Slate,0.03864796910443147,0.006514172531296936,-0.016504582610650687,0.0021526665204874007,-0.01157540536587475845roof_cat_Tile,-0.08108337379560737,-0.075032508809727,-0.13314550130314728,-0.12073042187557803,-0.1117360204075339446roof_cat_Unknown,0.0013777838218942406,0.029756474222040197,-0.02072716278189546,-0.03015086826167135,-0.0426368898436635447construction_cat_Concrete_Block,0.17894633103583146,0.20191172753504816,0.26795002454690575,0.326430228381696,0.386018381725534748construction_cat_Other,0.013509989809676881,0.03728601950288635,0.08198672867032997,0.12232397260754624,0.1545678301338284749construction_cat_Steel,-0.01462339848103511,0.03626694733884506,0.05645142016214777,0.07732077046580343,0.0719390418502143850construction_cat_Stone,0.08832289135634142,0.10476105408173453,0.13258447511839222,0.1606987953701946,0.218569855242094551construction_cat_Stucco,0.07880345120270249,0.10940080498653515,0.15060305662780138,0.1851044073843866,0.2228325631927532452construction_cat_Unknown,0.08293869922476915,0.09932516403432601,0.14293863326452083,0.2040907843756372,0.269421806609841553construction_cat_Vinyl,0.006936825872799091,0.013151897358341103,0.022626894378319662,0.02607179824077832,0.0285303576858950754construction_cat_Wood_Frame,0.01844167037043576,0.059284417295643266,0.10662683558730635,0.1512926040130651,0.199936296265406155foundation_cat_Concrete,0.30559956260003673,0.2723207419226128,0.20628665991966955,0.16804842561191435,0.1630332834079126856foundation_cat_Crawlspace,0.27979075512394047,0.2534320335907978,0.18767545719674672,0.14296826369127302,0.1144467860763143157foundation_cat_Other,0.21193125589070405,0.2005622279691579,0.15862356213256135,0.10320323952657873,0.121528067428698758foundation_cat_Pier_Raised,0.1307646212853797,0.18539704590347128,0.18245021145594364,0.17506331676088394,0.21022124263481659foundation_cat_Slab,0.21363530834241828,0.18968869366472063,0.12643082982253873,0.06004888367613148,0.0219779912747526460foundation_cat_Stone,0.05098890904173459,0.06928267514427944,0.07719787535438627,-0.012921236867214247,-0.0710436853478313461foundation_cat_Unknown,0.22939124871663807,0.22059736013875408,0.17578605651146972,0.15176033675561484,0.1475504213485692262region_Northeast,0.338679523534438,0.39451647456701266,0.47075842575593896,0.5527407433669396,0.602700195838906463region_South,0.03587540300497949,0.04136913543207754,0.04233883223227508,0.05352910650231024,0.0494315584610376464region_West,0.36468765557879124,0.3722635475263587,0.3759893920067725,0.3989336587744958,0.450340564034831965