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The value of urban tree cover: A hedonic property price model in Ramsey and Dakota Counties, Minnesota, USA

Author(s):

Heather Sander
Stephen Polasky

Year:

2010

Publication type:

Scientific Journal (JRNL)

Primary Station(s):

Northern Research Station

Source:

Ecological Economics. 69: 1646-1656.

Description

Urban tree cover benefits communities. These benefits' economic values, however, are poorly recognized and often ignored by landowners and planners. We use hedonic property price modeling to estimate urban tree cover's value in Dakota and Ramsey Counties, MN, USA, predicting housing value as a function of structural, neighborhood, and environmental variables, including tree cover, using a spatial simultaneous autoregressive (SAR) error model. We measure tree cover as percent tree cover on parcels, and within 100, 250, 500, 750, and 1000 m. Results show that tree cover within 100 and 250 m is positive and statistically significant.

Citation

Sander, Heather; Polasky, Stephen; Haight, Robert. 2010. The value of urban tree cover: A hedonic property price model in Ramsey and Dakota Counties, Minnesota, USA. Ecological Economics. 69: 1646-1656.

Cited

Publication Notes

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  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
https://www.fs.usda.gov/treesearch/pubs/36073