What are greenways worth? The impact of the Buckeye Trail Greenway on home sale price in Raleigh, North Carolina
Public Deposited- Last Modified
- February 28, 2019
- Creator
-
Bell, Corey Isadore
- Affiliation: College of Arts and Sciences, Department of City and Regional Planning
- Abstract
- The monetary impact of greenways on proximate residential property values remains somewhat of a mystery. Many of the existing claims about the positive and negative impacts of greenways on property values are not substantiated by quantitative analysis. This study uses the hedonic pricing method in an attempt to examine and quantify the impacts of a greenway in Raleigh, North Carolina, on surrounding single family homes. The results demonstrate that the greenway examined may not have significant positive impacts on proximate home sale prices. Also, adjacency to the greenway produced slightly negative and insignificant impacts on property values. I speculate that the unexpected findings may be explainable by data and model limitations that preclude analysis of all influential variables.
- Date of publication
- May 8, 2008
- DOI
- Resource type
- Rights statement
- In Copyright
- Advisor
- Rodriguez, Daniel
- Degree
- Master of City and Regional Planning
- Degree granting institution
- University of North Carolina at Chapel Hill
- Language
- Location
- Raleigh, North Carolina, United States
- Extent
- 38 p.
- Access right
- Open access
- Date uploaded
- December 10, 2010
Relations
- Parents:
This work has no parents.
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What are greenways worth? The impact of the Buckeye Trail Greenway on home sale price in Raleigh, North Carolina | 2019-04-25 | Public | Download |