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The Spatial Extent of Water Quality Benefits in Urban Housing Markets

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Author Info

  • Patrick J. Walsh
  • J. Walter Milon
  • David O. Scrogin

Abstract

Water quality regulation continues to be controversial, as demonstrated by recent litigation between the U.S. Environmental Protection Agency and the state of Florida over nutrient standards. While the costs of standards are usually known, benefits may be diverse and difficult to identify. This study investigates the effects of enhanced water quality on both waterfront and nonwaterfront property prices, using hedonic models within an urban market. Findings indicate (1) the value of increased water quality depends upon the property’s location and proximity to waterfront, and the surface area of the water body; and (2) aggregate benefits to nonwaterfront homes may dominate those realized by waterfront homeowners.

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File URL: http://le.uwpress.org/cgi/reprint/87/4/628
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Bibliographic Info

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

Volume (Year): 87 (2011)
Issue (Month): 4 ()
Pages: 628-644

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Handle: RePEc:uwp:landec:v:87:y:2011:iv:1:p:628-644

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

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Cited by:
  1. Bauer, Dana Marie & Swallow, Stephen K., 2013. "Conserving metapopulations in human-altered landscapes at the urban–rural fringe," Ecological Economics, Elsevier, vol. 95(C), pages 159-170.
  2. Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2014. "The Housing Market Impacts of Shale Gas Development," NBER Working Papers 19796, National Bureau of Economic Research, Inc.
  3. Steve Gibbons & Susana Mourato & Guilherme Resende, 2011. "The Amenity Value of English Nature: A Hedonic Price Approach," SERC Discussion Papers 0074, Spatial Economics Research Centre, LSE.
  4. Kathrine Lausted Veie & Toke Emil Panduro, 2013. "An alternative to the standard spatial econometric approaches in hedonic house price models," IFRO Working Paper 2013/18, University of Copenhagen, Department of Food and Resource Economics.
  5. 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, vol. 42(2), August.
  6. Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, . "The Housing Market Impacts of Shale Gas Development," Discussion Papers dp-13-39-rev, Resources For the Future.
  7. Dennis Guignet, 2013. "What Do Property Values Really Tell Us? A Hedonic Study of Underground Storage Tanks," Land Economics, University of Wisconsin Press, vol. 89(2), pages 211-226.
  8. Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," Discussion Papers dp-13-39, Resources For the Future.

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