Dataset from Harrison Jr, D., & Rubinfeld, D. L. (1978), "Hedonic housing prices and the demand for clean air", Journal of Environmental Economics and Management, 5(1), 81–102.
data(Housing)A data frame with the following variables:
Per capita crime rate by town.
Proportion of residential land zoned for lots over 25,000 square feet.
Proportion of non-retail business acres per town.
Charles River dummy variable: 1 if the tract bounds the river, 0 otherwise.
Nitric oxides concentration (parts per 10 million).
Average number of rooms per dwelling.
Proportion of owner-occupied units built prior to 1940.
Weighted distances to five Boston employment centres.
Index of accessibility to radial highways.
Full-value property tax rate per $10,000.
Pupil–teacher ratio by town.
Computed as \(1000(B_k - 0.63)^2\), where \(B_k\) is the proportion of Black residents by town.
Percentage of lower-status population.
Median value of owner-occupied homes in thousands of US dollars.
The dataset is a cross-section of housing values in Boston suburbs and is widely used to study hedonic pricing models and the demand for environmental quality.