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Valuing impacts of proximity to Saguaro National Park on house prices

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

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.

Suggested Citation

  • Julie M. Mueller & John B. Loomis & Leslie Richardson & Ryan A. Fitch, 2022. "Valuing impacts of proximity to Saguaro National Park on house prices," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(3), pages 1359-1372, September.
    • Handle: RePEc:wly:apecpp:v:44:y:2022:i:3:p:1359-1372
    DOI: 10.1002/aepp.13196
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    Cited by:

    1. Cao, Xiang & Luo, Yuying & Chen, Xiaolan & Xie, Qiuyue & Yao, Zhenyu, 2024. "Spatial valuation of urban green lungs: Unveiling the true worth of urban parks through MGWR in Chengdu, China," Land Use Policy, Elsevier, vol. 145(C).
    2. Siqi Feng & Yuefei Zhuo & Zhongguo Xu & Yang Chen & Guan Li & Xueqi Wang, 2024. "Nature’s Neighborhood: The Housing Premium of Urban Parks in Dense Cities," Land, MDPI, vol. 13(10), pages 1-19, October.

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