by HA Sander, RG Haight
Journal of Environmental Management 113:194-2052012
In a case study of an urbanizing county in Minnesota, the authors used hedonic pricing to place a value on trees. A number of structural (e.g., lot size, house size, home age), neighborhood (impervious surface, distance to nearest business district, school district), and environmental (e.g., tree cover, area and quality of viewshed, distance to nearest park) attributes were studied for their effect on single-family house prices. Among environmental attributes, increased view areas, views of water and lawn, greater access to parks, and more neighborhood tree cover had positive impacts on housing prices.