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

Heather Sander; Stephen Polasky; Robert Haight

doi:10.1016/j.ecolecon.2010.03.011

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

Informally Refereed

Authors:

Heather Sander, Stephen Polasky, Robert Haight

Year:

2010

Type:

Scientific Journal

Station:

Northern Research Station

DOI:

https://doi.org/10.1016/j.ecolecon.2010.03.011

Source:

Ecological Economics. 69: 1646-1656.

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Abstract

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.

Keywords

hedonic pricing, urban forestry, tree cover

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.