IDEAS home Printed from https://ideas.repec.org/a/igg/jagr00/v12y2021i2p20-38.html
   My bibliography  Save this article

The Impact of Natural Amenities on Home Values in Western Colorado

Author

Listed:
  • Nathan Perry

    (Colorado Mesa University, USA)

  • Tim Casey

    (Colorado Mesa University, USA)

  • Tammy E. Parece

    (Colorado Mesa University, USA)

  • Cory Castaneda

    (Colorado Mesa University, USA)

Abstract

This paper investigates the impact that proximity to natural amenities has on improving home values in Mesa County, Colorado. Controlling for standard home characteristics, the study investigates the value to homes of the proximity to trails, the Colorado National Monument, Bureau of Land Management Land, golf courses, the Colorado/Gunnison River, open space, and public parks, using ordinary least squares, fixed effects (controlling for time and zip codes), and a spatial error model. GIS is used to determine distances for the spatial econometric model. Each amenity is evaluated at 250, 500, and 1000 meters. The results show that homes located within 250 meters of a trail sell for 4.45% more, homes located within 500 meters of BLM land sell for 9.07% more, homes located within 250 meters of a golf course sell for 12.70% more, and homes located within 250 meters of the Colorado National Monument sell for 12.90% more.

Suggested Citation

  • Nathan Perry & Tim Casey & Tammy E. Parece & Cory Castaneda, 2021. "The Impact of Natural Amenities on Home Values in Western Colorado," International Journal of Applied Geospatial Research (IJAGR), IGI Global, vol. 12(2), pages 20-38, April.
    • Handle: RePEc:igg:jagr00:v:12:y:2021:i:2:p:20-38
    as

    Download full text from publisher

    File URL: http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/IJAGR.2021040102
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cyprian Chwiałkowski & Adam Zydroń, 2021. "Socio-Economic and Spatial Characteristics of Wielkopolski National Park: Application of the Hedonic Pricing Method," Sustainability, MDPI, vol. 13(9), pages 1-17, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:igg:jagr00:v:12:y:2021:i:2:p:20-38. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journal Editor (email available below). General contact details of provider: https://www.igi-global.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.