The DOI matches its Crossref record.
Valuing Urban Wetlands: A Property Pricing Approach,
Abstract
This study estimates the value of wetland amenities in the Portland, Oregon, met- ropolitan area using the hedonic property price model. Residential housing and wetland data are used to relate the sales price of a property to structural characteristics, neighborhood attri- butes, and amenities of wetlands and other envi- ronmental characteristics. Measures of interest are distance to and size of wetlands, including distance to four different wetland types; open wa- ter, emergent vegetation, scrub-shrub, and for- ested. Other environmental variables include proximity to parks, lakes, streams, and rivers. Re- sults indicate that wetlands influence the value of residential property and that wetlands influence property values differently than other amenities. Increasing the size of the nearest wetland to a res- idence by one acre increased the residence's value by $24. Similarly, reducing the distance to the nearest wetland by 1,000 feet increased the value by $436. Home values were not influenced by wetland type. (JEL Q25)
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Citations
Cited by
Völker, S., & Kistemann, T. (2011) · International Journal of Hygiene and Environmental Health · doi:10.1016/j.ijheh.2011.05.001 · Cited by 621
Land use regulations and the value of land and housing: An intra-metropolitan analysis
Kok, N., Monkkonen, P., & Quigley, J. M. (2014) · Journal of Urban Economics · doi:10.1016/j.jue.2014.03.004 · Cited by 198
Integrating ecology and economics in the study of ecosystem services: some lessons learned
Polasky, S., & Segerson, K. (2009) · Annual Review of Resource Economics · doi:10.1146/annurev.resource.050708.144110 · Cited by 192
Nassauer, J. I. (2004) · Wetlands · doi:10.1672/0277-5212(2004)024[0756:mtsomw]2.0.co;2 · Cited by 152
A Meta-Analysis of Hedonic Studies to Assess the Property Value Effects of Low Impact Development
Mazzotta, M., Besedin, E., & Speers, A. (2014) · Resources · doi:10.3390/resources3010031 · Cited by 31
Metadata
- Authors
- Mahan, B. L.
- Publisher
- Defense Technical Information Center
- Published
- 1997-03-01
- OpenAlex
- W2148130241
- Cited by
- 357
- References
- 0
- Type
- report
- Language
- en
- Open access
- closed
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