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Neighborhood Security and Housing Price in Amuwo-Odofin Local Government Area of Lagos State

Received: 7 October 2020     Accepted: 30 October 2020     Published: 9 November 2020
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Abstract

This research work identified the neighborhood security measures in Amuwo-Odofin Local Government Area (LGA). It also examined the relationship between neighborhood security measures and housing price in the LGA. The study employed primary data and surveyed 140 residents of the LGA through multistage sampling technique. Tables and Pearson’s Correlation Coefficient (PPC) were used to analyze the data. The result showed that theft constitute the modal class of crime, followed by; breaking into homes, violence and robbery. Also, the used of burglary proofs, special doors and windows in houses, OPC and vigilantes have been identified to be the neighborhood security measures put in place in the LGA. From the Pearson Correlation Coefficient, houses with gatemen commands a highest price (PCC=0.71). While houses that are closer to the police station/security outfit (PCC=0.61) and houses with street’s local security or vigilante (PCC=0.56) has higher prices. Crime rate has a negative relationship with housing price. The study concluded that the community of Amuwo-Odofin LGA put neighborhood security measures in place and these security measures have a positive relationship on price of housing in the LGA.

Published in Journal of Business and Economic Development (Volume 5, Issue 4)
DOI 10.11648/j.jbed.20200504.13
Page(s) 214-218
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Housing, Types of Crime, Neighborhood Security Measures, Housing price and Amuwo-Odofin

References
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Cite This Article
  • APA Style

    Olalekan Dimeji Bamiteko, Oyeyemi Omodadepo Adebiyi. (2020). Neighborhood Security and Housing Price in Amuwo-Odofin Local Government Area of Lagos State. Journal of Business and Economic Development, 5(4), 214-218. https://doi.org/10.11648/j.jbed.20200504.13

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    ACS Style

    Olalekan Dimeji Bamiteko; Oyeyemi Omodadepo Adebiyi. Neighborhood Security and Housing Price in Amuwo-Odofin Local Government Area of Lagos State. J. Bus. Econ. Dev. 2020, 5(4), 214-218. doi: 10.11648/j.jbed.20200504.13

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    AMA Style

    Olalekan Dimeji Bamiteko, Oyeyemi Omodadepo Adebiyi. Neighborhood Security and Housing Price in Amuwo-Odofin Local Government Area of Lagos State. J Bus Econ Dev. 2020;5(4):214-218. doi: 10.11648/j.jbed.20200504.13

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  • @article{10.11648/j.jbed.20200504.13,
      author = {Olalekan Dimeji Bamiteko and Oyeyemi Omodadepo Adebiyi},
      title = {Neighborhood Security and Housing Price in Amuwo-Odofin Local Government Area of Lagos State},
      journal = {Journal of Business and Economic Development},
      volume = {5},
      number = {4},
      pages = {214-218},
      doi = {10.11648/j.jbed.20200504.13},
      url = {https://doi.org/10.11648/j.jbed.20200504.13},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20200504.13},
      abstract = {This research work identified the neighborhood security measures in Amuwo-Odofin Local Government Area (LGA). It also examined the relationship between neighborhood security measures and housing price in the LGA. The study employed primary data and surveyed 140 residents of the LGA through multistage sampling technique. Tables and Pearson’s Correlation Coefficient (PPC) were used to analyze the data. The result showed that theft constitute the modal class of crime, followed by; breaking into homes, violence and robbery. Also, the used of burglary proofs, special doors and windows in houses, OPC and vigilantes have been identified to be the neighborhood security measures put in place in the LGA. From the Pearson Correlation Coefficient, houses with gatemen commands a highest price (PCC=0.71). While houses that are closer to the police station/security outfit (PCC=0.61) and houses with street’s local security or vigilante (PCC=0.56) has higher prices. Crime rate has a negative relationship with housing price. The study concluded that the community of Amuwo-Odofin LGA put neighborhood security measures in place and these security measures have a positive relationship on price of housing in the LGA.},
     year = {2020}
    }
    

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    T1  - Neighborhood Security and Housing Price in Amuwo-Odofin Local Government Area of Lagos State
    AU  - Olalekan Dimeji Bamiteko
    AU  - Oyeyemi Omodadepo Adebiyi
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    PY  - 2020
    N1  - https://doi.org/10.11648/j.jbed.20200504.13
    DO  - 10.11648/j.jbed.20200504.13
    T2  - Journal of Business and Economic Development
    JF  - Journal of Business and Economic Development
    JO  - Journal of Business and Economic Development
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    EP  - 218
    PB  - Science Publishing Group
    SN  - 2637-3874
    UR  - https://doi.org/10.11648/j.jbed.20200504.13
    AB  - This research work identified the neighborhood security measures in Amuwo-Odofin Local Government Area (LGA). It also examined the relationship between neighborhood security measures and housing price in the LGA. The study employed primary data and surveyed 140 residents of the LGA through multistage sampling technique. Tables and Pearson’s Correlation Coefficient (PPC) were used to analyze the data. The result showed that theft constitute the modal class of crime, followed by; breaking into homes, violence and robbery. Also, the used of burglary proofs, special doors and windows in houses, OPC and vigilantes have been identified to be the neighborhood security measures put in place in the LGA. From the Pearson Correlation Coefficient, houses with gatemen commands a highest price (PCC=0.71). While houses that are closer to the police station/security outfit (PCC=0.61) and houses with street’s local security or vigilante (PCC=0.56) has higher prices. Crime rate has a negative relationship with housing price. The study concluded that the community of Amuwo-Odofin LGA put neighborhood security measures in place and these security measures have a positive relationship on price of housing in the LGA.
    VL  - 5
    IS  - 4
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Author Information
  • Department of Economics, Faculty of Social Sciences, University of Lagos, Akoka, Nigeria

  • Department of Economics, Faculty of Social Sciences, University of Lagos, Akoka, Nigeria

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