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  1. The effect of urban trees on the rental price of single-family homes in Portland, Oregon

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    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: Download Publication  (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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    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

    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 forestry

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