The Relative Impacts of Trails and Greenbelts on Home Price

Paul Asabere () and Forrest Huffman ()

The Journal of Real Estate Finance and Economics, 2009, vol. 38, issue 4, 408-419

Abstract: This study examines the impacts of trails and greenbelts and other amenities on home value. Using the hedonic framework the study provides analyses of a database consisting of roughly 10,000 sales of homes occurring from April 2001 to March 2002 in and around San Antonio, Bexar County, Texas. Among other things, our study shows that trails, greenbelts, and trails with greenbelts (or greenways) are associated with roughly 2, 4, and 5%, price premiums, respectively. The following amenities: proximity to golf course, neighborhood playground, tennis court, neighborhood pool, view, and cul-de-sac, all add significantly to home value. Copyright Springer Science+Business Media, LLC 2009

Keywords: Amenity; Trail; Greenbelt; Home value; Hedonic estimation (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jrefec:v:38:y:2009:i:4:p:408-419

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DOI: 10.1007/s11146-007-9089-8

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