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Spatial Hedonic Analysis of Housing Prices in Earthquake-Prone Areas: Evidence from Yogyakarta, Indonesia

Author/s: Endah Saptutyningsih, Salwa Fauziyyah Hermawan, Romi Bhakti Hartarto, Nursetiawan

Date Published: 29/10/2026

Published in: Volume 31 - 2026 Issue 2 (pages 27 - 48)

DOI: https://doi.org/10.64361/14445921.2026.212331

Abstract

This study examines the relationship between earthquake exposure and housing prices in Sriharjo Village, Imogiri District, Yogyakarta, Indonesia. Using a hedonic pricing framework combined with Geographic Information Systems (GIS)-based spatial analysis, the study analyzes structural, neighborhood, and disaster-related factors associated with residential property values. Primary data were collected from 384 respondents through a household survey and analyzed using ordinary least squares (OLS), with quantile regression employed as a robustness check. The OLS results show that house size, land size, and number of rooms are positively associated with housing prices, while building age is negatively associated with property values. Accessibility also matters, particularly distance to the city center. Most importantly, each additional kilometer from the historical earthquake epicenter is associated with approximately 4.08% higher property values. Quantile regression confirms a positive earthquake-distance coefficient across the conditional housing price distribution, with statistically significant associations from the 0.25 to 0.90 quantiles. GIS analysis further reveals spatial variation in topography, settlement patterns, seismic exposure, and mitigation practices. Overall, the findings provide evidence that seismic exposure is associated with differences in housing values and highlight the importance of integrating disaster risk into housing and spatial planning.

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Keywords

Earthquake - Hedonic Pricing - Housing Prices - Indonesia - Spatial Analysis

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