The impact of forest density on property values

Yeon Su Kim, Aaron Wells

Research output: Contribution to journalArticle

25 Scopus citations

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 1 2005

Keywords

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

ASJC Scopus subject areas

  • Forestry
  • Plant Science

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