Table 20 Home price/rent-distance from hospital correlations for various distance ranges up to ten miles
From: The impact of colleges and hospitals to local real estate markets
Home price-distance analysis | Rent-distance analysis | ||||
|---|---|---|---|---|---|
Miles from a hospital | Number of homes | Pearson correlation | Miles from a hospital | Number of homes | Pearson correlation |
Any | 877,067 | − 0.0495 | Any | 300,768 | 0.079 |
< 3 miles | 303,313 | − 0.081 | < 2 miles | 123,313 | − 0.013 |
> 3 miles | 573,754 | 0.006 | > 2 miles | 177,455 | 0.094 |