A Model of Factors Correlated to Homeownership: The Case ofUtah

Document Type

Article

Journal/Book Title/Conference

Family and Consumer Science Research Journal

Volume

30

Issue

1

Publication Date

2001

First Page

3

Last Page

36

Abstract

This article examines the relationship between homeownership and socioeconomic, demographic, and market factors in Utah. Units of analyses were census-designated places. The goal was to provide a model that can be replicated by housing specialists and consumer scientists to gain a better understanding of how homeownership (dependent variable) differs from place to place and how this variation relates to socioeconomic index, population density, affordability ratio, and the median value of owner occupied housing units (independent variables). The 1990 data set was analyzed using bivariate and multivariate analyses. Homeownership percentages were regressed on the linear combination of the socioeconomic scale, log of population density, and affordability ratios. Log of population density was the factor that explained most of the variance. The interaction equation slightly improved the explanatory power, accounting for more than 50% of the variance.

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