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The Varied Impact Of Greenways On Residential Property Values In A Metropolitan, Micropolitan, And Rural Area: The Case Of The Catawba Regional Trail

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Author Info
Munroe, Darla K.
Parker, Dawn C.
Campbell, Harrison S., Jr.

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Abstract

This paper presents hedonic analyses designed to estimate the real estate premium from improved access to a regional greenway system in three distinct counties. The hypothesis is tested that unobservable factors relating to the overall economic structure of each county influence how and to what extent access to open space is effectively capitalized into residential sales prices.

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File URL: http://purl.umn.edu/19915
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Publisher Info
Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2004 Annual meeting, August 1-4, Denver, CO with number 19915.

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Date of creation: 2004
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Handle: RePEc:ags:aaea04:19915

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Keywords: Land Economics/Use;

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  1. Elena G. Irwin, 2002. "The Effects of Open Space on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 78(4), pages 465-480. [Downloadable!] (restricted)
  2. Geoghegan, Jacqueline & Wainger, Lisa A. & Bockstael, Nancy E., 1997. "Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS," Ecological Economics, Elsevier, vol. 23(3), pages 251-264, December. [Downloadable!] (restricted)
  3. Mary Riddel, 2001. "A Dynamic Approach to Estimating Hedonic Prices for Environmental Goods: An Application to Open Space Purchase," Land Economics, University of Wisconsin Press, vol. 77(4), pages 494-512. [Downloadable!] (restricted)
  4. Nickerson, Cynthia J & Lynch, Lori, 2001. " The Effect of Farmland Preservation Programs on Farmland Prices," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 83(2), pages 341-51, May. [Downloadable!] (restricted)
  5. Bucholtz, Shawn & Geoghegan, Jacqueline & Lynch, Lori, 2003. "Capitalization of Open Spaces into Housing Values and the Residential Property Tax Revenue Impacts of Agricultural Easement Programs," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 32(1), April. [Downloadable!]
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This page was last updated on 2009-12-11.

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