Parcel Price Prediction

Median Housing Price in Each Boston Zipcode circa 2019. Obtained from https://simplemaps.com/city/boston/zips/home-value.

Using Boston’s property assessment data, I built a prediction system for the price of a land parcel using its physical attributes. Stakeholders who might use the predictions are the city of Boston itself (to determine property tax) and homeowners (to find a fair value for their purchase). I used pandas to manipulate csvs, sklearn to preprocess (removing outliers, imputing missing features) and cross-validate, and finall LightGBM to fit learner. On single-household residences, the system is reasonably accurate: the average absolute percentage error is about 25%. The most important predictive feature is the total living area.

Tin Nguyen
Tin Nguyen
Quantitative Researhcer