Valuing Green Infrastructure in Portland, OregonLandscape and Urban Planning (2014)
AbstractThis study uses the hedonic price method to examine if proximity, abundance, and characteristics of green street facilities affect the sale price of single-family residential properties in Portland, Oregon. Different methods for measuring proximity and abundance are explored with distance based on street network, and abundance of green streets at the census tract and census block level, producing statistically significant results. A property's sale price is estimated to increase as distance from the nearest green street facility increases although the magnitude of this effect is small. Facility type does not have a statistically significant effect on a property's sale price, but characteristics such as facility size, proportion of the facility covered by tree canopy, and design complexity are estimated to influence sale price.
Publication DateApril, 2014
Citation InformationZachary Levin, Noelwah R. Netusil, Vivek Shandas and Ted Hart. "Valuing Green Infrastructure in Portland, Oregon" Landscape and Urban Planning Vol. 124 (2014)
Available at: http://works.bepress.com/vivek_shandas/35/