Valuation of urban parks

More, Thomas A.; Stevens, Thomas H.; Allen, P. Geoffrey

doi:10.1016/0169-2046(88)90022-9

Cited by 131 publications

(81 citation statements)

References 8 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Two studies have suggested that housing values decrease rapidly as the distance from urban parks increase with the positive price effect declining to near zero in less than a half mile (More et al, 1988;Tyrvainen and Miettinen, 2000). Yet a similar study reported difficulty in finding a significant correlation with park proximity and housing values (Luttik, 2000).…”

Section: Valuing the Forest In Real Estatementioning

confidence: 74%

“…Other researchers have used small data sets (60 to 300 observations) in order to conduct on-site tree inventories, accessibility to green spaces and quantify the view of adjoining properties (Thompson et al, 1999;Luttik, 2000;Morales, 1980). A large literature is being developed using maps and geographic information systems (GIS) to analyze environmental amenities (More et al, 1988;Powe et al, 1995;Geoghegan et al, 1997;Bockstael, 2000a and2000b;Tyrvainen and Miettinen, 2000;Acharya and Bennett, 2001). …”

Section: The Use Of Remote Sensing and Satellite Imagerymentioning

confidence: 99%

“…For example, studies have suggested that the scenic quality of a town is increased by tree cover, but not that houses are more valuable (Schroeder and Cannon, 1983;Schroeder and Cannon, 1987;Civco, 1979). Previous studies have focused primarily on distance to public forests (see Tyrvainen and Miettinen, 2000;More et al, 1988;Luttik, 2000). A few studies have looked at distance to a variety of land uses and open space definitions (for example, Mahan et al, 2000;Lutzenhiser and Netusil, 2001;Smith et al, 2001) or the proportion of open space or other land uses in the neighborhood around a house Bockstael, 2000a and2000b;Acharya and Bennett, 2001).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Shades of Green: Measuring the value of urban forests in the housing market

Mansfield

Pattanayak

McDow

et al. 2005

JFE

130

View full text Add to dashboard Cite

Urban areas can contain public parks, protected forests, unprotected (or undeveloped) forest areas, and trees growing around a house or in the neighborhood surrounding the house. Each type of forest cover provides different amenities to the homeowner and to society at large. In particular, while trees on a parcel or in a neighborhood may add value for homeowners, the ecological value of these trees as habitat is far less than large, unbroken parcels of forest. We explore different definitions of forest cover and greenness and assess the relative value of these different types of forest cover to homeowners. Using data from the Research Triangle region of North Carolina, we test the hypothesis that trees on a parcel or in the neighborhood around that parcel are substitutes for living near large blocks of forest. The findings have implications for land use planning efforts and habitat conservation in particular. JEL Classification:Q24, R14, R21

show abstract

Section: Valuing the Forest In Real Estatementioning

confidence: 74%

Section: The Use Of Remote Sensing and Satellite Imagerymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Shades of Green: Measuring the value of urban forests in the housing market

Mansfield

Pattanayak

McDow

et al. 2005

JFE

130

View full text Add to dashboard Cite

show abstract

“…or passive use parks (parks offering more contemplative experiences). Passive use parks were found to be more valuable in terms of incremental increases in neighboring property values than active use parks that sometimes were found to decrease the value of neighboring properties (More et al 1982(More et al , 1988Weicher and Zerbst). More recent studies have analyzed specific park facilities providing empirical evidence that proximity to greenbelts with trails and small parks with playground facilities are more beneficial to neighboring property values than parks without these facilities (Asabere and Huffman 2009;Espey and Owusu-Edusei 2001).…”

Section: The Economics Of Built Environment Improvementsmentioning

confidence: 99%

Variations in Park Facility Valuations across Neighborhoods

Leonard

Zhang

Hoehner³

2014

Appl. Spatial Analysis

View full text Add to dashboard Cite

The obesity epidemic has renewed policy interest in provision of physical activity-enhancing park facilities. Public health researchers have noted variability in physical activity levels associated with different types of facilities. We assess the hedonic valuation of different types of park facilities. For homes located ¼ mile from the nearest park, the hedonic value of a 1/10 mile improvement in proximity ranges from an 1.3% increase in home price in African American neighborhoods to a 0.3% price reduction in "average" neighborhoods. Similar variation occurs across the home price distribution, park facilities, and neighborhood characteristics. Park funding implications are discussed.

show abstract

“…[9]. In this way, green spaces will have more weight in the decision-making processes [10], and might be able to survive against the susceptibility to urban pressures [11]. Accordingly some of the social benefits, environmental benefits and economic benefits of green spaces are captured.…”

Section: Benefits Of Green Spacesmentioning

confidence: 99%

The Importance of Planning for Green Spaces

Cilliers¹

2015

AFF

View full text Add to dashboard Cite

Abstract:Green spaces are often perceived as a luxury, especially in rural areas in need of basic services and characterized by housing needs. Recent studies proof the necessity of providing green spaces, captured in terms of the social, environmental, health and economic benefits that such spaces offer to (urban and rural) communities, along with the core linkage to sustainability and enhanced quality of life. Acknowledging the constrains of providing green spaces including issues such as limited municipal budgets, conflicting development priorities, and increasing urbanization placing pressure on space for development, this paper explores the importance of planning for green spaces in terms of the direct and indirect benefits it offers to communities and to the sustainable development approach.

show abstract

Valuation of urban parks

Cited by 131 publications

References 8 publications

Shades of Green: Measuring the value of urban forests in the housing market

Shades of Green: Measuring the value of urban forests in the housing market

Variations in Park Facility Valuations across Neighborhoods

The Importance of Planning for Green Spaces

Contact Info

Product

Resources

About