| Variable | Description | Parameter estimate | Standard error | T-value | P-value > |t| |
|---|---|---|---|---|---|
|
Intercept |
Intercept | 6.3197 | 0.0626 | 101.03 | <.0001 |
|
Age |
Current year less the year a unit was built (whether known or imputed) | -0.0118 | 0.0014 | -8.21 | <.0001 |
|
Age2 |
Age squared | 0.0001 | 0.0000 | 2.41 | 0.016 |
|
Age3 |
Age cubed | 0.0000 | 0.0000 | -0.01 | 0.991 |
|
AGE65PLS |
The percentage of the block group’s population that are ages 65 years and older | 0.0691 | 0.0556 | 1.24 | 0.214 |
|
Ageallrm |
Age times the total number of rooms | 0.0004 | 0.0001 | 4.16 | <.0001 |
|
Agedtchd |
Age for single, detached structures (0 otherwise) | -0.0017 | 0.0004 | -3.94 | <.0001 |
|
Ageold |
Age of structures built between 1900 and 1919 (0 otherwise) | -0.0006 | 0.0003 | -1.89 | 0.058 |
|
Adjavgagi |
The average adjusted gross income for a zip code expressed as a ratio of the average adjusted gross income for the CPI pricing area | 0.0925 | 0.0095 | 9.73 | <.0001 |
|
Bath |
Total number of full and half bathrooms | 0.0974 | 0.0298 | 3.27 | 0.001 |
|
Bathsq |
Bath squared | -0.0002 | 0.0079 | -0.03 | 0.977 |
|
Bedn |
Number of bedrooms | 0.1417 | 0.0155 | 9.15 | <.0001 |
|
Bedsq |
Bedn squared | -0.0069 | 0.0035 | -2.00 | 0.045 |
|
Cntrlair |
To indicate if a unit has central air-conditioning | 0.1003 | 0.0163 | 6.15 | <.0001 |
|
Detached |
To indicate if a structure is single family, detached | 0.1684 | 0.0294 | 5.72 | <.0001 |
|
Elecheat |
To indicate if a unit’s heating is electric | 0.0254 | 0.0351 | 0.72 | 0.469 |
|
Elecincl |
To indicate if electricity is included in the rent | 0.0760 | 0.0173 | 4.39 | <.0001 |
|
Gasheat |
To indicate if a unit’s heating fuel is natural gas | 0.0346 | 0.0347 | 1.00 | 0.319 |
|
Heatincl |
To indicate if heating is included in the rent | 0.0170 | 0.0112 | 1.52 | 0.129 |
|
LARGBLDG |
The percentage of the block group’s housing units in structures with 50 or more units | 0.1338 | 0.0334 | 4.01 | <.0001 |
|
LGHOCC |
Length of occupancy, or the number of months between the month a tenant moved into a unit and the most recent month of CPI Housing Survey data collection | -0.0007 | 0.0001 | -12.37 | <.0001 |
|
MOBLHOME |
The percentage of the block group’s housing units that are mobile homes or trailer units | -0.1805 | 0.0657 | -2.75 | 0.006 |
|
Otherair |
To indicate if a unit’s air-conditioning is swamp cooler, heat pump, or through-the-wall air conditioner | 0.0291 | 0.0171 | 1.71 | 0.088 |
|
Othrmn |
Number of other rooms, such as living rooms, kitchens, and finished basements | -0.0060 | 0.0067 | -0.90 | 0.366 |
|
RENTOCCP |
The percentage of the block group’s households that are renter households | 0.0679 | 0.0231 | 2.94 | 0.003 |
|
SCHOLAGE |
The percentage of the block group’s population that are ages 6 to 18 | 0.0214 | 0.0539 | 0.40 | 0.691 |
|
SOMCOLLG |
The percentage of the block group’s population ages 25 years and older with at least some college attendance or completion | 0.4256 | 0.0334 | 12.73 | <.0001 |
|
UNDRPVTY |
The percentage of the block group’s population for whom poverty status is determined as under the poverty line | -0.1095 | 0.0424 | -2.58 | 0.010 |
|
Wndowair |
To indicate if a unit’s air-conditioning is window air-conditioning units | -0.0195 | 0.0177 | -1.10 | 0.272 |
|
EXTRACHARGES |
To indicate that a unit’s rent includes any extra charges | 0.0842 | 0.0133 | 6.34 | <.0001 |
|
NEW_TENANT |
To indicate that the occupant(s) moved into the unit since the last time rent was collected | 0.0749 | 0.0092 | 8.11 | <.0001 |
|
ELEVATOR |
To indicate if the structure has an elevator | 0.1150 | 0.0125 | 9.23 | <.0001 |
|
MOBILEHOME |
To indicate if a structure is a mobile home | -0.1378 | 0.0499 | -2.76 | 0.006 |
|
IN_SENIOR_CMMTY |
To indicate that a unit is part of a senior-living residential community | 0.8650 | 0.0267 | 32.41 | <.0001 |
|
PCT_COLLEGE |
The percentage of the block group’s population ages 3 and older enrolled in undergraduate, graduate, or professional school | -0.1312 | 0.0482 | -2.72 | 0.007 |
|
DENSITY |
The log of total block group population divided by land area | 0.0310 | 0.0034 | 9.10 | <.0001 |
|
N23C |
Unit is in the Cincinnati, OH-KY-IN, CPI pricing area | -0.3312 | 0.0197 | -16.79 | <.0001 |
|
N23D |
Unit is in the Cleveland-Elyria, OH, CPI pricing area | -0.3303 | 0.0181 | -18.23 | <.0001 |
|
N23E |
Unit is in the Columbus, OH, CPI pricing area | -0.3111 | 0.0168 | -18.55 | <.0001 |
|
N23F |
Unit is in the Milwaukee-Waukesha-West Allis, WI, CPI pricing area | -0.2406 | 0.0167 | -14.43 | <.0001 |
|
N23G |
Unit is in the Dayton, OH, CPI pricing area | -0.4407 | 0.0170 | -26.00 | <.0001 |
|
N23H |
Unit is in the Flint, MI, CPI pricing area | -0.4658 | 0.0188 | -24.73 | <.0001 |
|
N23I |
Unit is in the Janesville-Beloit, WI, CPI pricing area | -0.3733 | 0.0174 | -21.43 | <.0001 |
|
N23J |
Unit is in the Frankfort, IN, CPI pricing area | -0.4938 | 0.0235 | -21.03 | <.0001 |
|
S23B |
Unit is in the Detroit-Warren-Dearborn, MI, CPI pricing area | -0.2442 | 0.0193 | -12.64 | <.0001 |
|
C218 |
Unit is in the Brookings, SD, CPI pricing area | -0.5507 | 0.0238 | -23.14 | <.0001 |
|
N24C |
Unit is in the Omaha-Council Bluffs, NE-IA, CPI pricing area | -0.3295 | 0.0202 | -16.29 | <.0001 |
|
N24D |
Unit is in the Wichita, KS, CPI pricing area | -0.5266 | 0.0234 | -22.48 | <.0001 |
|
N24E |
Unit is in the Lincoln, NE, CPI pricing area | -0.4086 | 0.0171 | -23.84 | <.0001 |
|
S24A |
Unit is in the Minneapolis-St. Paul-Bloomington, MN-WI, CPI pricing area | -0.0812 | 0.0150 | -5.42 | <.0001 |
|
S24B |
Unit is in the St. Louis, MO-IL, CPI pricing area | -0.3554 | 0.0179 | -19.90 | <.0001 |
|
Note: CPI = Consumer Price Index. Source: U.S. Bureau of Labor Statistics. |
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