THE EFFECT OF LOW-IMPACT-DEVELOPMENT ON PROPERTY VALUES
Abstract
THE EFFECT OF LOW-IMPACT-DEVELOPMENT ON PROPERTY VALUESMany reports and articles describe the potential benefits that low-impact development (LID) stormwater controls can provide—benefits that conventional controls can not offer. Very few studies, however, quantify these benefits, either in biophysical measures or in dollar amounts. In this study, we quantify one potential, but often overlooked, benefit of LID: the effect of LID on property...Author(s)Bryce WardEd MacMullanSarah ReichSourceProceedings of the Water Environment FederationSubjectSession 5: Evaluating Green Infrastructure Practice: Beyond WaterDocument typeConference PaperPublisherWater Environment FederationPrint publication date Jan, 2008ISSN1938-6478SICI1938-6478(20080101)2008:6L.318;1-DOI10.2175/193864708788808348Volume / Issue2008 / 6Content sourceSustainability ConferenceFirst / last page(s)318 - 323Copyright2008Word count229
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Tangible benefits to local residents include reduced property loss and infrastructure impacts from excessive streambank erosion, increased property values, and the ability to use stormwater as an asset through groundwater recharge or rainwater reuse.
“Reduced property loss and infrastructure impacts from excessive streambank erosion (Hawley et al. 2020), increased property values (Ward et al. 2008;Odefey et al. 2012;Mazzotta et al. 2014), and the ability to use stormwater as an asset through groundwater recharge or rainwater reuse (Odefey et al. 2012;Meng and Hsu 2019) are also tangible benefits to local residents”
From Phase II MS4 challenges: moving toward effective stormwater management for small municipalities (2022) · cites this paper as Ward et al. 2008
Homes in low-impact development (LID) neighborhoods with large quantities of greenspace and redesigned streets improved stormwater drainage while increasing home prices by 3.5-5% compared to similar homes in non-LID neighborhoods.
“Homes in low-impact development (LID; a form of development that seeks to mimic the natural hydrology of the site) neighborhoods with large quantities of greenspace and redesigned streets improved stormwater drainage while increasing home prices by 3.5-5% compared to similar homes in non-LID neighborhoods (Ward et al. 2008;Mazzotta et al. 2014).”
From Phase II MS4 challenges: moving toward effective stormwater management for small municipalities (2022) · cites this paper as Ward et al. 2008
Increased property values resulting from effective BMP implementation and landscape design, including green infrastructure, can benefit property owners and municipalities through increased tax revenue.
“Increased property values resulting from effective BMP implementation and landscape design (including green infrastructure) can benefit property owners and municipalities through increased tax revenue (Ward et al. 2008;Odefey et al. 2012;Mazzotta et al. 2014).”
From Phase II MS4 challenges: moving toward effective stormwater management for small municipalities (2022) · cites this paper as Ward et al. 2008
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Phase II MS4 challenges: moving toward effective stormwater management for small municipalities
Rieck, L., Carson, C., Hawley, R. J., Heller, M., Paul, M., Scoggins, M., Zimmerman, M., & Smith, R. F. (2022) · Urban Ecosystems · doi:10.1007/s11252-021-01179-3 · Cited by 16 · see citing works
- Authors
- Ward, B., MacMullan, E., & Reich, S.
- Venue
- Proceedings of the Water Environment Federation
- Publisher
- Water Environment Federation
- Published
- 2008-01-01
- Volume
- 2008
- Issue
- 6
- Pages
- 318-323
- ISSN
- 1938-6478 (ISSN-L)
- OpenAlex
- W2993901368
- Cited by
- 20
- References
- 0
- Citations by year
- 2026: 1 · 2024: 1 · 2021: 5 · 2020: 1 · 2019: 3 · 2018: 1 · 2017: 1 · 2016: 1 · 2015: 1 · 2014: 1 · 2013: 2
- FWCI
- 0.68
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Proceedings of the Water Environment Federation (publishedVersion)
- Topics
- Physical Sciences › Environmental Science › Environmental Engineering › Urban Stormwater Management Solutions
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Housing Market and Economics
- Physical Sciences › Environmental Science › Management, Monitoring, Policy and Law › Urban Planning and Valuation
- Keywords
- low impact development, property values, stormwater management, green infrastructure, land use, property valuation
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