Hostname: page-component-586b7cd67f-dlnhk Total loading time: 0 Render date: 2024-11-27T20:02:12.112Z Has data issue: false hasContentIssue false
  • English
  • Français

The Rental Price of Housing in New York City, 1830–1860

Published online by Cambridge University Press:  03 March 2009

Robert A. Margo
Robert A. Margo
Affiliation:
Professor of Economics, Vanderbilt University, Nashville, TN 37235; and Research Associate, National Bureau of Economic Research.
Get access Rights & Permissions [Opens in a new window]

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.

Type
Articles
Information
The Journal of Economic History , Volume 56 , Issue 3 , September 1996 , pp. 605 - 625
Copyright
Copyright © The Economic History Association 1996

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Adams, Donald R. “The Residential Construction Industry in the Early Nineteenth Century.” this JOURNAL 35, no. 4 (1975): 794–816.Google Scholar
Berry, Thomas S.Western Prices Before 1861. Cambridge, MA: Harvard University Press, 1943.Google Scholar
Blackmar, Elizabeth. Manhattan for Rent, 1785–1850. Ithaca, NY: Cornell University Press, 1989.Google Scholar
Cole, Arthur H.Wholesale Commodity Prices in the United States, 1700–1861. Cambridge, MA: Harvard University Press, 1938.CrossRefGoogle Scholar
David, Paul and Solar, Peter. “A Bicentenary Contribution to the History of the Cost of Living in America.” Research in Economic Histoty 2 (1977): 1–80.Google Scholar
Fogel, Robert W. “The Problem of Measuring the Cost of Housing to Northern Urban Workers and the Share of Rent in Their Expenditures, 1830–1855.” In Without Consent or Contract: The Rise and Fall of American Slavery: Evidence and Methods, edited by Fogel, Robert W., Galantine, Ralph A., and Manning, Richard, 415–16. New York: W. W. Norton, 1992.Google Scholar
Gatzlaff, Dean H., and David, C. Ling. “Measuring Change in Local House Prices: An Empirical Investigation of Alternative Methodologies.” Journal of Urban Economics 35, no. 2 (1994): 221–44.CrossRefGoogle Scholar
Goldin, Claudia and Robert, A. Margo. “Wages, Prices, and Labor Markets Before the Civil War.” In Strategic Factors in Nineteenth Centuty American Economic History: A Volume to Honor Robert W. Fogel, edited by Goldin, Claudia and Rockoff, Hugh, 67–104. Chicago: University of Chicago Press, 1992.CrossRefGoogle Scholar
Grether, David M., and Peter, Mieskowski. “The Determinants of Real Estate Values.” Journal of Urban Economics 1, no. 2 (1974): 127–46.CrossRefGoogle Scholar
Hoover, Ethel D. “Retail Prices After 1850.” In Trends in the American Economy in the Nineteenth Century, edited by Parker, William, 141–86. Princeton: Princeton University Press, 1960.Google Scholar
Hough, Franklin B.Census of the State of New York for 1855. Albany, NY: Charles Van Benthuysen, 1857.Google Scholar
Hoyt, Homer. One Hundred Years of Land Values in Chicago. Chicago: University of Chicago Press, 1933.Google Scholar
Komlos, John. “The Height and Weight of West Point Cadets: Dietary Change in Antebellum America.” this JOURNAL 47, no. 4 (1987): 897–927.Google Scholar
Lindstrom, Diane. Economic Development in the Philadelphia Region, 1810–1850. New York: Columbia University Press, 1977.Google Scholar
McMillen, Daniel P. “Consistent Estimation of the Urban Land Value Function.” Journal of Urban Economics 27, no. 3 (1990): 285–93.CrossRefGoogle Scholar
Margo, Robert A., and Richard, H. Steckel, “Heights of Native-Born Whites During the Antebellum Period.” this JOURNAL 43, no. 1 (1983): 167–74.Google ScholarPubMed
Margo, Robert A., and Georgia, C. Villaflor. “The Growth of Wages in Antebellum America: New Evidence.” this JOURNAL 47, no. 4 (1987): 873–95.Google Scholar
Mills, Edwin. “The Value of Urban Land.” In The Quality of the Urban Environment: Essays on “New Resources” in an Urban Age, edited by Perloff, Harvey S., 231–53. Baltimore, MD: Johns Hopkins University Press, for Resources for the Future, Inc., 1969.Google Scholar
Mills, Edwin, and Bruce, Hamilton. Urban Economics. New York: Harper-Collins, 1994.Google Scholar
Morehouse, John C., and Margaret, Supplee Smith. “The Market for Residential Architecture: 19th Century Rowhouses in Boston's South End.” Journal of Urban Economics 35, no. 3 (1994): 267–77.CrossRefGoogle Scholar
New York Daily Advertiser, various dates.Google Scholar
New York Times, various dates.Google Scholar
New York Tribune, various dates.Google Scholar
Ohsfeldt, Robert L., and Barton, A. Smith. “Calculating Elasticities from Structural Parameters in Implicit Markets.” Journal of Urban Economics 27, no. 3 (1990), 212–21.CrossRefGoogle Scholar
Quigley, John. “What Have We Learned About Urban Housing Markets?” In Current Issues in Urban Economics, edited by Mieszkowski, Peter and Straszheim, Mahlon, 391–429. Baltimore, MD: Johns Hopkins University Press, 1979.Google Scholar
Rees, Albert. Real Wages in Manufacturing 1890–1914. Princeton: Princeton University Press, 1961.CrossRefGoogle Scholar
Richardson, Harry W.The New Urban Economics: and Alternatives. London: Pion Limited, 1977.Google Scholar
Rosen, Sherwin. “Hedonic Prices and Implicit Markets.” Journal of Political Economy 82, no. 2 (1974): 34–55.CrossRefGoogle Scholar
Rosenwaike, Ira. Population History of New York City. Syracuse, NY: Syracuse University Press, 1972.Google Scholar
Scherzer, Kenneth. The Unbound Community: Neighborhood Life and Social Structure in New York City, 1830–1875. Durham, NC: Duke University Press, 1992.Google Scholar
Spann, Edward K.The New Metropolis: New York City, 1840–1857. New York: Columbia University Press, 1981.Google Scholar
Stokes, Isaac Newton Phelps. The Iconography of Manhattan Island, 1498–1909. New York: Robert H. Dodd, 1928.Google Scholar
Stott, Richard B.Workers in the Metropolis: Class, Ethnicity, and Youth in Antebellum New York. Ithaca, NY: Cornell University Press, 1992.Google Scholar
U.S. Department of Commerce. Historical Statistics of the United States. Washington, DC: GPO, 1975.Google Scholar
Wheaton, William C., and Raymond, G. Torto, “Office Rent Indices and Their Behavior Over Time.” Journal of Urban Economics 35, no. 2 (1994): 121–39.CrossRefGoogle Scholar
Wilentz, Sean. Chants Democratic: New York City and the Rise of the American Working Class. New York: Oxford University Press, 1984.Google Scholar
Williamson, Jeffrey. “Urbanization in the American Northeast, 1820–1870.” In The Reinterpretation of American Economic History, edited by Fogel, Robert W. and Engerman, Stanley L., 426–36. New York: Harper and Row, 1971.Google Scholar
Williamson, Jeffrey, and Lindert, Peter. American Inequality: A Macroeconomic History. New York: Academic Press, 1980.Google Scholar