NEIGHBORHOOD PARKS AND RESIDENTIAL PROPERTY VALUES IN GREENVILLE, SOUTH CAROLINA
Resource information
Date of publication
December 2001
Resource Language
ISBN / Resource ID
AGRIS:US2012205991
The effect on housing prices of proximity to different types of parks is estimated using a unique data set of single-family homes sold between 1990 and 1999 in Greenville, South Carolina. While the value of park proximity is found to vary with respect to park size and amenities, the estimates from this study are larger than previous studies. The greatest impact on housing values was found with proximity to small neighborhood parks, with the positive impact of proximity to both small and medium-size parks extending to homes as far as 1500 feet from the park.
