Explaining housing rents: A neural network approach to landscape image perceptions
Xiaorui Wang, Jihui Yuan, Yangcheng Gu, Daisuke Matsushita
Abstract
• Rent explanation enhanced with critical factors and image perceptions. • The extended hedonic pricing model explained 73.92% of the rent distribution. • Image perception is the significant factor contributing to housing rent explanation. • Image perception had higher explanatory power than physical features. • Among indoor facilities, elevators and shower facilities significantly impact rents.
Topics & Concepts
Economic rentPerceptionArtificial neural networkImage (mathematics)BusinessGeographyComputer scienceEconomicsArtificial intelligenceMicroeconomicsPsychologyNeuroscienceLand Use and Ecosystem ServicesHousing Market and EconomicsRemote Sensing and LiDAR Applications