| Variable | Description | Parameter estimate | Standard error | T-value | P-value > |t| |
|---|---|---|---|---|---|
|
Intercept |
Intercept | 6.4893 | 0.0610 | 106.35 | <.0001 |
|
Age |
Current year less the year a unit was built (whether known or imputed) | -0.0109 | 0.0016 | -6.77 | <.0001 |
|
Age2 |
Age squared | 0.0001 | 0.0000 | 4.79 | <.0001 |
|
Age3 |
Age cubed | 0.0000 | 0.0000 | -3.90 | <.0001 |
|
AGE65PLS |
The percentage of the block group’s population that are ages 65 years and older | 0.0330 | 0.0502 | 0.66 | 0.510 |
|
Ageallrm |
Age times the total number of rooms | 0.0001 | 0.0001 | 1.67 | 0.096 |
|
Agedtchd |
Age for single, detached structures (0 otherwise) | -0.0011 | 0.0005 | -2.22 | 0.026 |
|
Ageold |
Age of structures built between 1900 and 1919 (0 otherwise) | 0.0004 | 0.0002 | 1.52 | 0.129 |
|
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 | 0.1322 | 0.0072 | 18.32 | <.0001 |
|
Bath |
Total number of full and half bathrooms | 0.1238 | 0.0259 | 4.78 | <.0001 |
|
Bathsq |
Bath squared | -0.0041 | 0.0062 | -0.66 | 0.510 |
|
Bedn |
Number of bedrooms | 0.1481 | 0.0161 | 9.18 | <.0001 |
|
Bedsq |
Bedn squared | -0.0041 | 0.0035 | -1.18 | 0.236 |
|
Cntrlair |
To indicate if a unit has central air-conditioning | 0.1612 | 0.0136 | 11.88 | <.0001 |
|
Detached |
To indicate if a structure is single family, detached | 0.0955 | 0.0378 | 2.53 | 0.012 |
|
Elecheat |
To indicate if a unit’s heating is electric | 0.0084 | 0.0171 | 0.49 | 0.624 |
|
Elecincl |
To indicate if electricity is included in the rent | 0.0294 | 0.0157 | 1.87 | 0.062 |
|
Gasheat |
To indicate if a unit’s heating fuel is natural gas | 0.0311 | 0.0138 | 2.25 | 0.025 |
|
Heatincl |
To indicate if heating is included in the rent | 0.0174 | 0.0108 | 1.61 | 0.107 |
|
LARGBLDG |
The percentage of the block group’s housing units in structures with 50 or more units | 0.1193 | 0.0302 | 3.96 | <.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 | -0.0010 | 0.0000 | -19.96 | <.0001 |
|
MOBLHOME |
The percentage of the block group’s housing units that are mobile homes or trailer units | -0.2538 | 0.0967 | -2.63 | 0.009 |
|
Otherair |
To indicate if a unit’s air-conditioning is swamp cooler, heat pump, or through-the-wall air conditioner | 0.1191 | 0.0141 | 8.46 | <.0001 |
|
Othrmn |
Number of other rooms, such as living rooms, kitchens, and finished basements | 0.0243 | 0.0075 | 3.24 | 0.001 |
|
RENTOCCP |
The percentage of the block group’s households that are renter households | 0.0574 | 0.0241 | 2.38 | 0.017 |
|
SCHOLAGE |
The percentage of the block group’s population that are ages 6 to 18 | -0.2344 | 0.0625 | -3.75 | 0.000 |
|
SOMCOLLG |
The percentage of the block group’s population ages 25 years and older with at least some college attendance or completion | 0.3231 | 0.0336 | 9.61 | <.0001 |
|
UNDRPVTY |
The percentage of the block group’s population for whom poverty status is determined as under the poverty line | -0.0606 | 0.0472 | -1.29 | 0.199 |
|
Wndowair |
To indicate if a unit’s air-conditioning is window air-conditioning units | 0.0221 | 0.0123 | 1.80 | 0.073 |
|
EXTRACHARGES |
To indicate that a unit’s rent includes any extra charges | 0.0522 | 0.0187 | 2.80 | 0.005 |
|
NEW_TENANT |
To indicate that the occupant(s) moved into the unit since the last time rent was collected | 0.0861 | 0.0123 | 7.03 | <.0001 |
|
ELEVATOR |
To indicate if the structure has an elevator | 0.1073 | 0.0134 | 8.01 | <.0001 |
|
MOBILEHOME |
To indicate if a structure is a mobile home | -0.1880 | 0.0560 | -3.36 | 0.001 |
|
IN_SENIOR_CMMTY |
To indicate that a unit is part of a senior-living residential community | 1.0353 | 0.0558 | 18.55 | <.0001 |
|
PCT_COLLEGE |
The percentage of the block group’s population ages 3 and older enrolled in undergraduate, graduate, or professional school | 0.2212 | 0.0540 | 4.10 | <.0001 |
|
DENSITY |
The log of total block group population divided by land area | 0.0400 | 0.0037 | 10.76 | <.0001 |
|
N11B |
Unit is in the Hartford-West Hartford-East Hartford, CT, CPI pricing area | -0.3263 | 0.0199 | -16.42 | <.0001 |
|
N11C |
Unit is in the Springfield, MA, CPI pricing area | -0.3835 | 0.0205 | -18.71 | <.0001 |
|
N12C |
Unit is in the Pittsburgh, PA, CPI pricing area | -0.6956 | 0.0201 | -34.54 | <.0001 |
|
N12D |
Unit is in the Buffalo-Cheektowaga-Niagara Falls, NY, CPI pricing area | -0.6079 | 0.0231 | -26.30 | <.0001 |
|
N12E |
Unit is in the Rochester, NY, CPI pricing area | -0.5745 | 0.0218 | -26.36 | <.0001 |
|
N12F |
Unit is in the Reading, PA, CPI pricing area | -0.5227 | 0.0216 | -24.23 | <.0001 |
|
S12A |
Unit is in the New York-Newark-Jersey City, NY-NJ-PA, CPI pricing area | -0.0354 | 0.0155 | -2.28 | 0.022 |
|
S12B |
Unit is in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, CPI pricing area | -0.3289 | 0.0164 | -20.02 | <.0001 |
|
Note: CPI = Consumer Price Index. Source: U.S. Bureau of Labor Statistics. |
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