The Effect of Zoning Laws on Housing Prices and BAH Rates

Abstract

This thesis is an analysis of the effect of zoning laws and regulations on the price of residential housing. Economists Edward Glaeser and Joseph Gyourko have completed significant work on this topic. Their efforts have focused on the correlation of high housing prices with zoning laws and other land-use controls, but stop short of estimating the impact of zoning laws on actual housing prices in specific markets. This thesis expands on their research and estimates what residential housing prices would be without the regulations. It also estimates the deadweight loss (DWL) caused by the zoning laws in various high-cost markets. The results show significant price reductions from both complete and partial elimination of zoning restrictions. This thesis also uses these estimates to calculate the impact of the zoning laws on Basic Allowance for Housing (BAH) in the markets analyzed. Estimated BAH rates with zoning reduced or eliminated were substantially lower in many of the high-cost housing markets studied.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 2014
Accession Number
ADA621277

Entities

People

  • William Fitzkee

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Air Force
  • Budget Estimates
  • Business Administration
  • Commerce
  • Department Of Defense
  • Economics
  • Elimination
  • Governments
  • Law
  • Local Governments
  • Market Economy
  • Military Personnel
  • New York
  • Public Policy
  • Regression Analysis
  • United States
  • Urban Areas

Readers

  • Housing Policy Studies in Military Families with Privatization and Telomerase Allowance Units, Multi-Family Housing, and Telomere Lengths.
  • Industrial Economics
  • Mathematics or Statistics