Valuing impacts of proximity to Saguaro National Park on house prices

Julie M. Mueller, John B. Loomis, Leslie Richardson, Ryan A. Fitch

Research output: Contribution to journalArticlepeer-review

Abstract

Proximity to public lands is well established within the literature as having a positive effect on nearby house prices. However, little research exists examining the impact of proximity to national parks. We use a hedonic property model with matching methods to estimate the value of proximity to Saguaro National Park West and Tucson Mountain Park. We find positive impacts of proximity to each park, with a larger aggregate effect from proximity to Saguaro National Park West. Our results provide useful insight into the potential impacts of changes in land use designation on nearby house prices.

Original languageEnglish (US)
JournalApplied Economic Perspectives and Policy
DOIs
StateAccepted/In press - 2021

Keywords

  • hedonic property model
  • matching
  • nonmarket valuation
  • public lands

ASJC Scopus subject areas

  • Development
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Valuing impacts of proximity to Saguaro National Park on house prices'. Together they form a unique fingerprint.

Cite this