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The Effect of Community Gardens on Neighboring Property Values


  • Ioan Voicu
  • Vicki Been


Cities across the United States that have considerable vacant land are debating whether to foster community gardens on that land, while cities with land shortages are debating when to replace gardens with other uses. Meanwhile, many cities are looking for new ways to finance green spaces. Little empirical evidence about the neighborhood impacts of community gardens is available, however, to inform the debate or to help cities design financing schemes. This article estimates the impact of community gardens on neighborhood property values, using rich data for New York City and a difference-in-difference specification of a hedonic regression model. We find that gardens have significant positive effects, especially in the poorest neighborhoods. Higher-quality gardens have the greatest positive impact. Copyright 2008 American Real Estate and Urban Economics Association

Suggested Citation

  • Ioan Voicu & Vicki Been, 2008. "The Effect of Community Gardens on Neighboring Property Values," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 36(2), pages 241-283, June.
  • Handle: RePEc:bla:reesec:v:36:y:2008:i:2:p:241-283

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    References listed on IDEAS

    1. Peter Linneman & Susan Wachter, 1989. "The Impacts of Borrowing Constraints on Homeownership," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(4), pages 389-402.
    2. Palmquist, Raymond B, 1980. "Alternative Techniques for Developing Real Estate Price Indexes," The Review of Economics and Statistics, MIT Press, vol. 62(3), pages 442-448, August.
    3. Richard B. Freeman, 1979. "The Effect of Demographic Factors on Age-Earnings Profiles," Journal of Human Resources, University of Wisconsin Press, vol. 14(3), pages 289-318.
    4. James M. Poterba, 1990. "Taxation and Housing Markets: Preliminary Evidence on the Effects of Recent Tax Reforms," NBER Working Papers 3270, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Delores Conway & Christina Li & Jennifer Wolch & Christopher Kahle & Michael Jerrett, 2010. "A Spatial Autocorrelation Approach for Examining the Effects of Urban Greenspace on Residential Property Values," The Journal of Real Estate Finance and Economics, Springer, vol. 41(2), pages 150-169, August.
    2. Niblick, Briana & Monnell, Jason D. & Zhao, Xi & Landis, Amy E., 2013. "Using geographic information systems to assess potential biofuel crop production on urban marginal lands," Applied Energy, Elsevier, vol. 103(C), pages 234-242.
    3. Coulson, N. Edward & Li, Herman, 2013. "Measuring the external benefits of homeownership," Journal of Urban Economics, Elsevier, vol. 77(C), pages 57-67.
    4. Brunes, Fredrik & Hermansson, Cecilia & Song, Han-Suck & Wilhelmsson, Mats, 2016. "NIMBYs for the rich and YIMBYs for the poor: Analyzing the property price effects of infill development," Working Paper Series 16/2, Royal Institute of Technology, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin).
    5. Thomas Krikser & Annette Piorr & Regine Berges & Ina Opitz, 2016. "Urban Agriculture Oriented towards Self-Supply, Social and Commercial Purpose: A Typology," Land, MDPI, Open Access Journal, vol. 5(3), pages 1-19, August.
    6. Niblick, Briana & Landis, Amy E., 2016. "Assessing renewable energy potential on United States marginal and contaminated sites," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 489-497.
    7. Saverio Miccoli & Fabrizio Finucci & Rocco Murro, 2014. "A Monetary Measure of Inclusive Goods: The Concept of Deliberative Appraisal in the Context of Urban Agriculture," Sustainability, MDPI, Open Access Journal, vol. 6(12), pages 1-20, December.
    8. Zahirovich-Herbert, Velma & Gibler, Karen M., 2014. "The effect of new residential construction on housing prices," Journal of Housing Economics, Elsevier, vol. 26(C), pages 1-18.
    9. Colding, Johan & Barthel, Stephan, 2013. "The potential of ‘Urban Green Commons’ in the resilience building of cities," Ecological Economics, Elsevier, vol. 86(C), pages 156-166.
    10. George Martin & Roland Clift & Ian Christie, 2016. "Urban Cultivation and Its Contributions to Sustainability: Nibbles of Food but Oodles of Social Capital," Sustainability, MDPI, Open Access Journal, vol. 8(5), pages 1-18, April.
    11. repec:gam:jsusta:v:8:y:2016:i:5:p:409:d:68893 is not listed on IDEAS
    12. repec:rsq:wpaper:33/14 is not listed on IDEAS
    13. vom Hofe, Rainer & Mihaescu, Oana & Boorn, Mary Lynne, 2017. "Do urban parks really benefit homeowners economically? Evidence from a spatial hedonic study of the Cincinnati park system," HUI Working Papers 122, HUI Research.
    14. Ina Opitz & Regine Berges & Annette Piorr & Thomas Krikser, 2016. "Contributing to food security in urban areas: differences between urban agriculture and peri-urban agriculture in the Global North," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 33(2), pages 341-358, June.

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