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Caring for the land and serving people
United States Department of Agriculture
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The effect of urban trees on the rental price of single-family homes in Portland, Oregon
Author(s): Geoffrey H. Donovan; David T. Butry
Date: 2011
Source: Urban Forestry & Urban Greening. 10: 163-168
Publication Series: Scientific Journal (JRNL)
Station: Pacific Northwest Research Station
PDF: View PDF (1.42 MB)Description
Few studies have estimated the effect of environmental amenities on the rental price of houses. We address this gap in the literature by quantifying the effect of urban trees on the rental price of single-family homes in Portland, Oregon, USA. We found that an additional tree on a house's lot increased monthly rent by $5.62, and a tree in the public right of way increased rent by $21.00. These results are consistent with a previous hedonic analysis of the effects of trees on the sales price of homes in Portland, which suggests that homeowners and renters place similar values on urban trees.Publication Notes
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Citation
Donovan, Geoffrey H.; Butry, David T. 2011. The effect of urban trees on the rental price of single-family homes in Portland, Oregon. Urban Forestry & Urban Greening. 10: 163-168.Keywords
hedonic, non-market valuation, ecosystem services, urban forestryRelated Search
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- Trees in the city: valuing street trees in Portland, Oregon
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