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The Rental Price of Housing in New York City, 1830–1860

Published online by Cambridge University Press:  03 March 2009

Robert A. Margo
Robert A. Margo
Affiliation:
Professor of Economics, Vanderbilt University, Nashville, TN 37235; and Research Associate, National Bureau of Economic Research.
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Abstract

Advertisements from antebellum New York City newspapers are used to estimate hedonic indices of the rental price of housing. Rents varied with the quality of housing and its location, suggesting a well-defined market for rental housing. Controlling for housing characteristics and location, the relative price of housing rose between 1830 and 1860.

Type
Articles
Information
The Journal of Economic History , Volume 56 , Issue 3 , September 1996 , pp. 605 - 625
Copyright
Copyright © The Economic History Association 1996

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