UQO Working Paper No. 3 — Hedonic housing price models for the US: parametric, quantile, and machine-learning approaches.
1$\ln$(Living Area) & 0.3119 & 0.0035 & 0.0159 & 0.0308 & 4.6 & 8.9 & 10.13 \\2Bedrooms & $-$0.0675 & 0.0023 & 0.0131 & 0.0287 & 5.6 & 12.2 & $-$2.35 \\3Bathrooms & 0.2359 & 0.0026 & 0.0161 & 0.0251 & 6.1 & 9.6 & 9.40 \\4Property Age & $-$0.0418 & 0.0139 & 0.0648 & 0.1196 & 4.7 & 8.6 & $-$0.35 \\5Property Age$^2$ & 0.0507 & 0.0019 & 0.0077 & 0.0188 & 4.0 & 9.8 & 2.70 \\6$\ln$(Lot Size) & 0.0697 & 0.0010 & 0.0098 & 0.0144 & 10.3 & 15.0 & 4.84 \\7Pool & 0.0286 & 0.0026 & 0.0304 & 0.0544 & 11.7 & 21.0 & 0.52 \\8Garage & 0.1094 & 0.0015 & 0.0105 & 0.0160 & 7.0 & 10.6 & 6.83 \\9Waterfront & $-$0.1349 & 0.0325 & 0.2479 & 0.4567 & 7.6 & 14.1 & $-$0.30 \\10Central Air & 0.0693 & 0.0014 & 0.0147 & 0.0229 & 10.6 & 16.5 & 3.03 \\11Hardwood Floors & 0.1246 & 0.0014 & 0.0093 & 0.0177 & 6.6 & 12.6 & 7.05 \\12Luxury Score & 0.0443 & 0.0018 & 0.0100 & 0.0114 & 5.7 & 6.5 & 3.89 \\13Walk Score & $-$0.0109 & 0.0012 & 0.0130 & 0.0212 & 11.2 & 18.3 & $-$0.51 \\14Bike Score & 0.0717 & 0.0010 & 0.0123 & 0.0269 & 12.2 & 26.8 & 2.66 \\15Transit Score & 0.0524 & 0.0008 & 0.0191 & 0.0127 & 23.3 & 15.5 & 4.13 \\16Avg. School Rating & $-$0.0491 & 0.0007 & 0.0150 & 0.0254 & 20.7 & 35.2 & $-$1.93 \\17Property Tax Rate & $-$0.0292 & 0.0008 & 0.0155 & 0.0285 & 19.7 & 36.3 & $-$1.02 \\18Condo & $-$0.0370 & 0.0037 & 0.0416 & 0.0608 & 11.2 & 16.4 & $-$0.61 \\19HOA & $-$0.1077 & 0.0024 & 0.0227 & 0.0288 & 9.5 & 12.1 & $-$3.74 \\20New Construction & 0.1035 & 0.0029 & 0.0234 & 0.0380 & 8.1 & 13.1 & 2.72 \\21Foreclosure & $-$0.4064 & 0.0098 & 0.0227 & 0.0372 & 2.3 & 3.8 & $-$10.91 \\22Region: Northeast & 0.4869 & 0.0030 & 0.0555 & 0.1294 & 18.5 & 43.1 & 3.76 \\23Region: South & 0.0220 & 0.0028 & 0.0361 & 0.0653 & 13.1 & 23.8 & 0.34 \\24Region: West & 0.4008 & 0.0031 & 0.0494 & 0.1061 & 15.9 & 34.2 & 3.78 \\25\midrule26Coefficients significant at 5\% (of 63) & & 57 & 35 & 33 & & & \\27Median SE ratio across all coefficients & & & & & 7.6 & 11.6 &28