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Multifamily Housing: A Review of Theory and Evidence

Author

Listed:
  • Emily Norman Zietz

    (Middle Tennessee State University, Murfreesboro, TN 37132)

Abstract
The growing importance of multifamily housing as a viable choice of residence is evidenced by the number of empirical and theoretical studies in real estate literature. Researchers have investigated the role of this sector of the real estate market for decades. This survey article examines more than one hundred studies and categorizes them into five groups: economic and market efficiency issues; property valuation and appraisal issues; regulatory, zoning, and clustering of multifamily complexes; costs, returns, and rental income issues; and demand, vacancy, and occupancy issues. This study seeks to provide a concise, categorical presentation of findings on issues related to the environment and performance of multifamily housing.

Suggested Citation

  • Emily Norman Zietz, 2003. "Multifamily Housing: A Review of Theory and Evidence," Journal of Real Estate Research, American Real Estate Society, vol. 25(2), pages 185-244.
    • Handle: RePEc:jre:issued:v:25:n:2:2003:p:185-244
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    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol25n02/07.185_244.pdf
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    Citations

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    Cited by:

    1. Marcus Allen & Ronald Rutherford & Thomas Thomson, 2009. "Residential Asking Rents and Time on the Market," The Journal of Real Estate Finance and Economics, Springer, vol. 38(4), pages 351-365, May.
    2. Marius Claudy and Claus Michelsen, 2016. "Housing Market Fundamentals, Housing Quality and Energy Consumption: Evidence from Germany," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    3. Jian Wang & Murtaza Das & Amar Duggasani, 2016. "Predicting and measuring customer lifetime values for apartment tenants," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 2(2), pages 103-120, October.
    4. Cynthia Holmes & Michael LaCour-Little, 2007. "Multifamily Mortgage Lending: A Comparison of the U.S. and Canada," International Real Estate Review, Global Social Science Institute, vol. 10(1), pages 151-170.
    5. Beth Wilson & James Frew, 2007. "Apartment Rents and Locations in Portland, Oregon: 1992 – 2002," Journal of Real Estate Research, American Real Estate Society, vol. 29(2), pages 201-218.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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