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author:

Luo, Lin (Luo, Lin.) [1] | Yang, Xiping (Yang, Xiping.) [2] | Li, Junyi (Li, Junyi.) [3] | Song, Yongyong (Song, Yongyong.) [4] | Zhao, Zhiyuan (Zhao, Zhiyuan.) [5] (Scholars:赵志远)

Indexed by:

SSCI Scopus

Abstract:

A comprehensive understanding of house prices and their factors provide insights into the demand for housing while helping policymakers implement measures to manage the housing market. Traditional studies either focus more on linear relationships and ignore complex, non-linear influences or consider neighborhood amenities but lose sight of the streetscape. This study aims to enrich the literature by integrating street-perception characteristics with an interpretable machine-learning technique for modeling house prices. Specifically, street-view images were semantically segmented to quantify street-perception characteristics from five perspectives: greenness, openness, enclosure, walkability, and imageability. By combining the determinants of community attributes and living convenience, 17 explanatory variables were fed into a gradient-boosting decision tree (GBDT) model to estimate housing prices. The results reveal that the model significantly outperforms the linear model (R2 increased by 47.87 %). Additionally, an improvement of 26.15 % (R2) was observed when streetperception characteristics were incorporated. Moreover, complicated non-linear relationships and interaction effects are discussed by visualizing partial dependence plots (PDPs). These findings offer nuanced guidance for improving the neighborhood environment to promote urban equity and develop a sustainable housing market.

Keyword:

GBDT House price Neighborhood environment Street perception

Community:

  • [ 1 ] [Luo, Lin]Shaanxi Normal Univ, Sch Geog & Tourism, Xian 710119, Peoples R China
  • [ 2 ] [Yang, Xiping]Shaanxi Normal Univ, Sch Geog & Tourism, Xian 710119, Peoples R China
  • [ 3 ] [Li, Junyi]Shaanxi Normal Univ, Sch Geog & Tourism, Xian 710119, Peoples R China
  • [ 4 ] [Song, Yongyong]Shaanxi Normal Univ, Sch Geog & Tourism, Xian 710119, Peoples R China
  • [ 5 ] [Yang, Xiping]Shaanxi Key Lab Tourism Informat, Xian 710119, Peoples R China
  • [ 6 ] [Li, Junyi]Shaanxi Key Lab Tourism Informat, Xian 710119, Peoples R China
  • [ 7 ] [Zhao, Zhiyuan]Fuzhou Univ, Acad Digital China Fujian, Fuzhou 350002, Peoples R China

Reprint 's Address:

  • [Yang, Xiping]Shaanxi Normal Univ, Sch Geog & Tourism, Xian 710119, Peoples R China;;

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Source :

CITIES

ISSN: 0264-2751

Year: 2024

Volume: 156

6 . 0 0 0

JCR@2023

Cited Count:

WoS CC Cited Count:

SCOPUS Cited Count:

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 2

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