The Journal of Economic History
- The Journal of Economic History / Volume 56 / Issue 03 / September 1996, pp 605-625
- Copyright © The Economic History Association 1996
- DOI: http://dx.doi.org/10.1017/S0022050700016958 (About DOI), Published online: 03 March 2009
Articles
The Rental Price of Housing in New York City, 1830–1860
Robert A. Margoa1
a1 Professor of Economics, Vanderbilt University, Nashville, TN 37235; and Research Associate, National Bureau of Economic Research.
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.
