Alternative title: The Cost of the Avoidance of Riff-Raff

Land Economics  84(3):423-433 (2008)
The Effect of a Gated Community on Property and Beach Amenity Valuation
Jeffrey Pompe

We examine how location in a gated community affects the value of a single-family home and the valuation of a beach. Using data on 2,358 sales on barrier islands near Charleston, South Carolina, the empirical results indicate that homeowners pay a premium of 18.6% for a property in a gated community. The value of location near a beach is greater in gated than nongated communities.

URL: http://le.uwpress.org/cgi/content/abstract/84/3/423