RT Journal Article
SR Electronic
T1 The Effect of Environmental Zoning and Amenities on Property Values: Portland, Oregon
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 227
OP 246
DO 10.3368/le.81.2.227
VO 81
IS 2
A1 Netusil, Noelwah R.
YR 2005
UL http://le.uwpress.org/content/81/2/227.abstract
AB This study uses the hedonic-price-method to examine how environmental zoning and amenities are related to the price of single-family residential properties sold between 1999 and 2001 in Portland, Oregon. The impact of environmental zoning is found to vary with the type of environmental zoning and the property’s location. Amenities are found to influence a property’s sale price with the effect varying by amenity type and proximity. The net effect on a property’s sales price is dependent on the type of environmental zoning, location in the study area, amenities on the property, and amenities in the surrounding neighborhood. (JEL R14, R52)