The impact of forest density on property values

Yeon-Su Kim, Aaron Wells

Research output: Contribution to journalArticle

25 Citations (Scopus)

Abstract

We applied a simple hedonic price model to determine the benefits of fuel reduction treatments reflected in residential housing values in Flagstaff, Arizona, in hopes of finding a way to address increasing treatment costs. Results show that the fuel reduction treatments that convert high canopy closure would increase property values significantly ($190 per 1,000 m2 per home). The treatments that lower forest density are not only one means to reduce Wildfire hazard but also to enhance scenic beauty and improve residential property values.

Original languageEnglish (US)
Pages (from-to)146-151
Number of pages6
JournalJournal of Forestry
Volume103
Issue number3
StatePublished - Apr 2005

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wildfire
canopy
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Keywords

  • Economics
  • Geographic information systems
  • Hedonic price method
  • Wildland-urban interface

ASJC Scopus subject areas

  • Forestry
  • Plant Science

Cite this

The impact of forest density on property values. / Kim, Yeon-Su; Wells, Aaron.

In: Journal of Forestry, Vol. 103, No. 3, 04.2005, p. 146-151.

Research output: Contribution to journalArticle

Kim, Y-S & Wells, A 2005, 'The impact of forest density on property values', Journal of Forestry, vol. 103, no. 3, pp. 146-151.
Kim, Yeon-Su ; Wells, Aaron. / The impact of forest density on property values. In: Journal of Forestry. 2005 ; Vol. 103, No. 3. pp. 146-151.
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