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Does Proximity To A Golf Course Matter?

Author

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  • Owusu-Edusei, Kwame
  • Espey, Molly

Abstract

In this study, we augment an earlier study by estimating the effect of golf courses on housing values using a data set of single-family homes sold between 1994 and 2000. We find that there is generally a positive impact on houses proximate to open space (golf courses and neighborhood parks). The value of proximity to a golf course is found to be greater than figures reported in previous studies. Proximity impacts extend beyond abutting properties and go as far as to those within almost a quarter of a mile. The value of properties proximate to parks is found to be significant and varies with park size and type. Parks classified as small and medium had positive impacts extending over a quarter of a mile with the small parks having the greatest impact on the value of properties.

Suggested Citation

  • Owusu-Edusei, Kwame & Espey, Molly, 2003. "Does Proximity To A Golf Course Matter?," Working Papers 18812, Clemson University, Department of Agricultural and Applied Economics.
    • Handle: RePEc:ags:cuaewp:18812
    DOI: 10.22004/ag.econ.18812
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    Keywords

    Land Economics/Use;

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