Table 1
Yearly rent as a function of rental dwelling characteristics and location, 1969 to 2006

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Yearly rent as a function of rental dwelling characteristics and location, 1969 to 2006
  1969 1974 1982 1986 1990 1996 2001 2006
Variables  
Constant  
coefficient 6.14 6.67 6.97 7.39 7.65 7.78 8.02 7.92
p-value 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Number of rooms  
coefficient 0.37 0.28 0.34 0.31 0.21 0.29 0.22 0.22
p-value 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Number of rooms squared  
coefficient -0.03 -0.02 -0.02 -0.02 -0.01 -0.02 -0.01 -0.01
p-value 0.000 0.000 0.000 0.000 0.000 0.000 0.000 0.000
Number of bathrooms  
coefficient . . 0.12 0.19 0.54 0.23 0.21 0.53
p-value . . 0.279 0.262 0.000 0.192 0.172 0.003
Number of bathrooms squared  
coefficient . . 0.03 0.03 -0.10 0.01 0.01 -0.10
p-value . . 0.417 0.629 0.022 0.903 0.798 0.061
Dwelling type (excluded category = apartment)  
Single detached  
coefficient -0.36 0.03 -0.24 -0.20 0.07 -0.16 -0.06 -0.04
p-value 0.000 0.373 0.000 0.000 0.149 0.000 0.055 0.246
Semi-detached  
coefficient -0.20 0.11 -0.07 -0.03 -0.01 -0.14 -0.03 -0.02
p-value 0.000 0.006 0.092 0.760 0.889 0.013 0.558 0.686
Row house  
coefficient -0.11 -0.11 -0.12 -0.08 -0.16 -0.15 -0.19 -0.07
p-value 0.000 0.003 0.011 0.018 0.001 0.000 0.000 0.155
Duplex  
coefficient -0.10 -0.03 -0.02 -0.11 -0.02 -0.09 -0.10 -0.02
p-value 0.000 0.204 0.570 0.050 0.605 0.003 0.002 0.613
Rooms and moveable dwellings  
coefficient -0.55 -0.31 -0.15 -0.36 0.05 -0.01 -0.13 -0.18
p-value 0.000 0.000 0.014 0.001 0.694 0.812 0.149 0.070
Diagnostic statistics  
Number of observations 5,210 3,142 4,019 3,914 1,822 3,492 4,887 4,054
R-squared 0.372 0.345 0.233 0.271 0.235 0.223 0.216 0.172
Root mean squared error 0.489 0.406 0.509 0.458 0.410 0.451 0.496 0.493
Source(s):
Survey of Family Expenditures (1969 to 1996) and Survey of Household Spending (2001 to 2006).
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