Property Values and Ecosystem Services
American Trails - Impacts of Trails and Trail Use
Bioscience - The Economic Value of Ecological Services Provided by Insects
A new study in the April issue of the journal Bioscience shows that insects provide services worth more than $57 billion to Americans.
The Effect of Environmental Zoning and Amenities on Property ValuesDr. Noelwah Netusil of Reed College examines the impact of environmental zoning on residential property values.
Comparative Valuation of Ecosystem ServicesLents Project Case Study: Portland Bureau of Environmental Services hired David Evans and Associates to prepare this report estimating the dollar value of ecosystem services provided by Johnson Creek in the Lents Neighborhood. Results valued the protection and restoration of Johnson Creek and its floodplain in the Lents at over $30 million over 100 years in flood control and air and water purification services.
The Effect of Open Spaces on a Home's Sale PriceLutzenhiser, M. and N. R. Netusil. 2001. The Effect of Open Spaces on a Home’s Sale Price. Contemporary Economic Policy 19 (July): 291-298. Study done in the Portland-Metro region found that properties located up to 1500’ of natural areas were estimated to sell, on average, for $10,648 (1990 dollars) more than properties that were not within 1500’ of an open space.
Addition economic research by Noelwah Netusil.
Economic Effects of Riparian Corridors and Upland Wildlife HabitatN. R. Netusil 2005. Economic Effects of Riparian Corridors and Upland Wildlife Habitat. In Press. The quality and quantity of riparian corridors within 1/2 mile of properties is being capitalized into the sale price of properties suggesting that restoration efforts will generate benefits to property owners in the study area.
Benefits of Large Patches of Tree CanopyN. R. Netusil and S. Chattopadhyay, 2005. Economic Benefits of Large Patches of Tree Canopy: A Second-Stage Hedonic Price Analysis . In Press. Estimates the contribution of urban tree canopy to property values in Portland, Oregon.
Urban Wetlands: A Property Price ApproachMahan, B. L.; Polasky, S.; Adams, R. M. 2000. Valuing Urban Wetlands: A Property Price Approach, Land Economics 76 (February): 1000-1013. Found that property values were significantly and positively related to distances from streams and wetlands in Portland, Oregon.
Valuation of Freshwater Ecosystem ServicesWilson, M.A. and Carpenter S.R. 1999 Economic Valuation of Freshwater Ecosystem Services in the United States: 1971-1997 Ecological Applications Vol. 9 No. 3: 772-783. Reviews recent literature on the economic benefits of water quality including the contributions to property values.
Impact of Parks on Property ValuesCrompton, J.L. 2001. The Impact of Parks on Property Values: A Review of the Empirical Evidence . Journal of Leisure Research Vol. 33, No. 1 p. 1-31. Reviews literature on the relationship between parks and property values and explores the positive fiscal impacts of parks on property tax revenue.