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Please use this identifier to cite or link to this item: http://purl.umn.edu/15446

Title: NEIGHBORHOOD PARKS AND RESIDENTIAL PROPERTY VALUES IN GREENVILLE, SOUTH CAROLINA
Authors: Espey, Molly
Owusu-Edusei, Kwame
Keywords: hedonic valuation
open space
urban parks
value of parks
Issue Date: 2001-12
Abstract: The effect on housing prices of proximity to different types of parks is estimated using a unique data set of single-family homes sold between 1990 and 1999 in Greenville, South Carolina. While the value of park proximity is found to vary with respect to park size and amenities, the estimates from this study are larger than previous studies. The greatest impact on housing values was found with proximity to small neighborhood parks, with the positive impact of proximity to both small and medium-size parks extending to homes as far as 1500 feet from the park.
URI: http://purl.umn.edu/15446
Institution/Association: Journal of Agricultural and Applied Economics>Volume 33, Number 03, December 2001
Total Pages: 6
Language: English
From Page: 487
To Page: 492
Collections:Volume 33, Number 03, December 2001

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