Table 4.

Spatial autoregressive error model results with heteroscedasticity consistent standard errors and P-values for each variable in the Hedonic Pricing Model for Lakeland, Tennessee, USA.

Variables	Coefficients	Standard errors	z-values	P-values
Structural
LN_Lot	0.1044677	0.1050464	7.2766568	0.0000000^***
LN_House	0.5251278	0.0191295	27.4512616	0.0000000^***
SaleAge	−0.0082595	0.0009896	−8.3465279	0.0000000^***
Bath	0.0369635	0.0066114	5.5908658	0.0000000^***
Fireplace	0.0057857	0.0089748	−0.6446613	0.5191467
Pool	0.0317781	0.0080229	3.9609478	0.0000747^***
Neighborhood
LN_Shop	0.0276300	0.0070488	3.9198346	0.0000886^***
LN_Art	0.0216532	0.0070628	3.0658142	0.0021708^***
Elem_Dist	−0.0918034	0.0149187	−6.1536026	0.0000000^***
Middle_Dist	0.0459017	0.0138266	3.3198083	0.0009008^***
Environmental
CanPerLOT	−0.0001774	0.0002819	−0.6291426	0.5292557
Can_100 m	0.0012194	0.0003609	3.3784164	0.0007290^***
Can_100-500 m	0.0016599	0.0006279	2.6436359	0.0082021^***
Can_1 km	0.0020803	0.0006118	3.4003428	0.0006730^***
LN_Park	0.0093613	0.0042528	2.2012049	0.0277215^**
LN_Lake	−0.0377514	0.0048158	−7.8389969	0.0000000^***
LN_Golf	−0.0045363	0.0027391	−1.6561087	0.0976998^*
Time Dummies
Time_01	0.0081095	0.0094953	0.8540559	0.3930740
Time_02	0.0031504	0.0083083	0.3791934	0.7045442
Time_03	0.0238470	0.0086345	2.7618211	0.0057480^***
Time_04	0.0693893	0.0096271	7.2076790	0.0000000^***

↵* Statistical significance at P < 0.10.
↵** Statistical significance at P < 0.05.
↵*** Statistical significance at P < 0.01.
n = 1,257