Gracing the Land of Elvis and Beale Street: Historic Designation and Property Values in Memphis
研究了美国孟菲斯市历史街区指定对房产升值率的影响，发现被指定为历史街区的房产升值率高于其他类似街区，且新房受益不亚于老房。
We analyze appreciation rates across comparable designated and undesignated neighborhoods in Memphis, Tennessee. Using appreciation rates potentially nullifies the objection to using assessed values in such an analysis while also mitigating some of the bias inherent in the differences between otherwise similar designated and undesignated neighborhoods. Nonetheless, in accord with the previous studies, after controlling for numerous housing characteristics, we find that properties in neighborhoods designated historical by the Memphis Landmarks Commission had appreciation rates above those in other similar neighborhoods. We also find that new properties benefit as much, perhaps even more, than older properties from being in a historic district.