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Rural housing prices grew rapidly in the 1990s



Rural housing prices grew rapidly in the 1990s



Rural America 17(3): 47-56



It is reported that rural housing prices rose faster than housing prices in metro areas in the USA during the 1990s. Between 1989 and 1999, the median price of owner-occupied homes increased by 59% in nonmetro areas compared with 39% in metro areas. Constant-quality measures find that a gap holds even after controlling for differences in housing quality. Net migration and household income growth drove the rapid growth of nonmetro housing prices.

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Accession: 004308451

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