Understanding the relationship between urban amenities and real estate prices is a key for the future of our cities. Location choices depend on a variety of urban amenities that eventually determine demand for a specific location. Identifying the impact of these urban amenities on the people’s preferences allows policy makers and developers to increase quality of life. Jan de Graaff therefore quantifies the impact of crime and migration on residential real estate prices and identifies the location choice preferences of Germans by applying innovative methodologies to unique German data sets.