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An Empirical Analysis of Determinants of Land Values in the Adirondack Park

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  • David H. Vrooman

Abstract

. This study contributes to our knowledge about the determinants of land values in the Adirondack Park in New York State. Sales data for 1971‐1973 are used in the multiple regression analysis. The key variables influencing the price per acre for vacant forest land parcels are accessibility by road, location, adjacency to state land, date of sale, land use classification, size of parcel, site type, topography, and nonlocal buyers.

Suggested Citation

  • David H. Vrooman, 1978. "An Empirical Analysis of Determinants of Land Values in the Adirondack Park," American Journal of Economics and Sociology, Wiley Blackwell, vol. 37(2), pages 165-177, April.
    • Handle: RePEc:bla:ajecsc:v:37:y:1978:i:2:p:165-177
    DOI: 10.1111/j.1536-7150.1978.tb02811.x
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    Cited by:

    1. Tuttle, Carrie M. & Heintzelman, Martin D., 2013. "The Value of Forever Wild: An Economic Analysis of Land Use in the Adirondacks," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 42(1), pages 1-20, April.
    2. Petri P. Kärenlampi, 2022. "Two Manifestations of Market Premium in the Capitalization of Carbon Forest Estates," Energies, MDPI, vol. 15(9), pages 1-26, April.
    3. Petri P. Karenlampi, 2022. "Two strategies for boreal forestry with goodwill in capitalization," Papers 2205.06744, arXiv.org.
    4. Yu Liu & Paul Gallimore & Jonathan Wiley, 2015. "Nonlocal Office Investors: Anchored by their Markets and Impaired by their Distance," The Journal of Real Estate Finance and Economics, Springer, vol. 50(1), pages 129-149, January.

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