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The Effect of Environmental Zoning and Amenities on Property Values: Portland, Oregon

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  • Noelwah R. Netusil
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    Abstract

    This study uses the hedonic-pricemethod to examine how environmental zoning and amenities are related to the price of single-family residential properties sold between 1999 and 2001 in Portland, Oregon. The impact of environmental zoning is found to vary with the type of environmental zoning and the property’s location. Amenities are found to influence a property’s sale price with the effect varying by amenity type and proximity. The net effect on a property’s sales price is dependent on the type of environmental zoning, location in the study area, amenities on the property, and amenities in the surrounding neighborhood.

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    File URL: http://le.uwpress.org/cgi/reprint/81/2/227
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    Bibliographic Info

    Article provided by University of Wisconsin Press in its journal Land Economics.

    Volume (Year): 81 (2005)
    Issue (Month): 2 ()
    Pages:

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    Handle: RePEc:uwp:landec:v:81:y:2005:i:2:p227-246

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    Web page: http://le.uwpress.org/

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    Cited by:
    1. Frey, Elaine F. & Palin, Marissa B. & Walsh, Patrick J. & Whitcraft, Christine R., 2013. "Spatial Hedonic Valuation of a Multiuse Urban Wetland in Southern California," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, Northeastern Agricultural and Resource Economics Association, vol. 42(2), August.
    2. Tuttle, Carrie M. & Heintzelman, Martin D., 2013. "The Value of Forever Wild: An Economic Analysis of Land Use in the Adirondacks," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, Northeastern Agricultural and Resource Economics Association, vol. 42(1), April.
    3. Claude Napoléone & Ghislain Geniaux, 2011. "Évaluation des effets des zonages environnementaux sur la croissance urbaine et l’activité agricole," Économie et Statistique, Programme National Persée, Programme National Persée, vol. 444(1), pages 181-199.
    4. Dachary-Bernard, Jeanne & Rambonilaza, Tina & Lemarié-Boutry, Marie, 2014. "The response of land markets to flood protection and flood experience: a hedonic price modeling on the Gironde estuary (France)," 88th Annual Conference, April 9-11, 2014, AgroParisTech, Paris, France, Agricultural Economics Society 169761, Agricultural Economics Society.
    5. Waltert, Fabian & Schläpfer, Felix, 2010. "Landscape amenities and local development: A review of migration, regional economic and hedonic pricing studies," Ecological Economics, Elsevier, Elsevier, vol. 70(2), pages 141-152, December.
    6. Wu, JunJie & Cho, Seong-Hoon, 2007. "The effect of local land use regulations on urban development in the Western United States," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 37(1), pages 69-86, January.
    7. Grout, Cyrus A. & Jaeger, William K. & Plantinga, Andrew J., 2011. "Land-use regulations and property values in Portland, Oregon: A regression discontinuity design approach," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 41(2), pages 98-107, March.
    8. Chamblee, John F. & Dehring, Carolyn A. & Depken, Craig A., 2009. "Watershed development restrictions and land prices: Empirical evidence from southern Appalachia," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 39(3), pages 287-296, May.
    9. Bark, R.H. & Osgood, D.E. & Colby, B.G. & Katz, G. & Stromberg, J., 2009. "Habitat preservation and restoration: Do homebuyers have preferences for quality habitat?," Ecological Economics, Elsevier, Elsevier, vol. 68(5), pages 1465-1475, March.

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