Skip to main content Accessibility help
×
Home

Neighborhood Parks and Residential Property Values in Greenville, South Carolina

  • Molly Espey (a1) and Kwame Owusu-Edusei (a1)

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.

Copyright

References

Hide All
Acharya, G. and Bennett, L. L.Valuing Open Space and Land-Use Patterns in Urban Watersheds”, Journal of Real Estate Finance and Economics 22, 2/3(2001):238.
Barber, R. “Legislative Update”, South Carolina Out of Doors, November/December, 2000.
Bolitzer, B. and Netusil, N.R.The Impact of Open Spaces on Property Values in Portland, Oregon”, Journal of Environmental Management 59(2000):185193.
Correli, M.R., Lillydahl, J.H. and Singell, L.D.The Effects of Greenbelts on Residential Property Values: Some Findings on the Political Economy of Open Space”, Land Economics 54(1978):207217.
Do, A.Q. and Grudnitski, G.Golf Courses and Residential House Prices: An Empirical Examination”, Journal of Real Estate Finance and Economics, 10(1995):261270.
Doss, C.R. and Taff, S.J.The Relationship of Property Values and Wetlands Proximity in Ramsey County, Minnesota”, Economic Report 93-4, Department of Agricultural Economics, University of Minnesota, St. Paul, Minnesota, 1993.
Frech, H. E. III, and Laffert, R. N.The Effect of the California Coastal Commission on Housing Prices”, Journal of Urban Economics 6(1984):105123.
Hairston, Julie B.Coalition has plan for parks in Atlanta”, The Atlanta Journal-Constitution, July 2, 2001.
Luttik, J.The value of trees, water and open space as reflected by house prices in the Netherlands”, Landscape and Urban Planning 48,3 (2000):161167.
Lutzenheiser, M. and Netusil, . “The Effect of Open Space Type and Proximity on a Home's Sale Price: Portland, Oregon”, Contemporary Economic Policy 19,3 (2001):291298.
Manan, B., Polasky, S., and Adams, R.M.Valuing Urban Wetlands: A Property Price Approach”, Land Economics 76,1(2000):100113.
Perry, Dale.Rec officials want to buy land”, The Greenville News, May 10, 2000, p. Bl.
Romain, L.Greenville rec chief: Buy land now or miss out”, The Greenville News, March 25, 2000 13A.
Weicher, J. and Zerbst, R.The Externalities of Neighborhood Parks: An Empirical Investigation”, Land Economics 49(1973):99105.

Keywords

Neighborhood Parks and Residential Property Values in Greenville, South Carolina

  • Molly Espey (a1) and Kwame Owusu-Edusei (a1)

Metrics

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Abstract views

Total abstract views: 0 *
Loading metrics...

* Views captured on Cambridge Core between <date>. This data will be updated every 24 hours.

Usage data cannot currently be displayed