Abstract or Description
The Waterville Community Land Trust is a 501c3 nonprofit organization dedicated to revitalizing the city of Waterville, Maine, particularly the South End, by promoting affordable housing and permanent residency (Calder 2013). ArcGIS was used to perform a spatial analysis of residential properties in the South End on behalf of the Land Trust. This allowed for an investigation of how occupancy status may influence the value of surrounding properties. The results show that owner-occupied homes depreciate less than non-owner occupied homes. This supports the Land Trust's hypothesis that increasing owner-occupancy will have positive impacts on property values and the community.
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Recommended Citation
Harris, Caleb and Judge, Savannah "Occupancy Status, Depreciation and Housing Condition in Waterville's South End," Atlas of Maine: Vol. 2013: No. 2, Article 7.Available at: https://digitalcommons.colby.edu/atlas_docs/vol2013/iss2/7
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