Recovery of the value of natural amenities: From oil fields to nature preserve

Noh, Youngre; Rogers, George O.

doi:10.1016/j.landusepol.2016.05.010

Cited by 5 publications

(1 citation statement)

References 41 publications

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“…green infrastructure) on property values. Housing proximity to urban green space has been continuously found to contribute to increased home sale prices (Kong et al, 2007;Nassauer and Raskin, 2014;Netusil et al, 2014;Noh and Rogers, 2016). Further, research using hedonic pricing models has continually reported that converting abandoned railways into greenways positively impacted sales prices of nearby singlefamily houses (Noh, 2019).…”

Section: Hedonic Modeling: Impacts Of Vl In Low Development Potential Areasmentioning

confidence: 99%

Urban decline and residential preference: The effect of vacant lots on housing premiums

Noh

Newman

Lee

2020

Environment and Planning B: Urban Analytics and City Science

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Vacant land is a ubiquitous urban phenomenon. The existence of vacant land in a neighborhood can either lower or heighten nearby housing values, depending on its relative development potential. However, this condition has rarely been examined longitudinally, nor has it been examined thoroughly across different socioeconomic conditions. This research examines the impact of vacant lots on housing premiums using 2006–2015 single-family home sale transactions in the City of Minneapolis, Minnesota. The study area was divided into low-, middle-, and high-income levels. The results show that vacant lands have negative impacts on nearby single-family houses and these impacts differ by income level per neighborhood. The study sheds light on how planners and researchers should conceive vacant lands differently in various surroundings and conditions.

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