The Study on the Influencing Factors of Housing Price

Zhiyi Chen

2024

Abstract

This paper aims to find out the factors that affect the housing price. Multiple Linear Regression method was used to analyze the significant factors between May 2014 and May 2015 in King County. Through the graph test, 13 of the 15 variables selected are related to house prices. In the model analysis, the p values and the VIF values of these variables were compared, and the accuracy of the model was confirmed. The results showed that the number of bedrooms, number of bathrooms, living area, waterfront, view level, overall condition, building grade, above ground area, below ground area, year of renovation, there is a significant linear relationship between the living area and lot size of neighbors and the housing price, and there is no significance test between the number of floors of the building and the housing price. In general, the fluctuation of home prices in King County can be considered by the extent to which these factors affect home prices.

Paper Citation

in Harvard Style

Chen Z. (2024). The Study on the Influencing Factors of Housing Price. In Proceedings of the 1st International Conference on Innovations in Applied Mathematics, Physics and Astronomy - Volume 1: IAMPA; ISBN 978-989-758-722-1, SciTePress, pages 258-263. DOI: 10.5220/0013055900004601

in Bibtex Style

@conference{iampa24,
author={Zhiyi Chen},
title={The Study on the Influencing Factors of Housing Price},
booktitle={Proceedings of the 1st International Conference on Innovations in Applied Mathematics, Physics and Astronomy - Volume 1: IAMPA},
year={2024},
pages={258-263},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013055900004601},
isbn={978-989-758-722-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Innovations in Applied Mathematics, Physics and Astronomy - Volume 1: IAMPA
TI - The Study on the Influencing Factors of Housing Price
SN - 978-989-758-722-1
AU - Chen Z.
PY - 2024
SP - 258
EP - 263
DO - 10.5220/0013055900004601
PB - SciTePress