2013 journal article
Amenity values of proximity to National Wildlife Refuges: An analysis of urban residential property values
ECOLOGICAL ECONOMICS, 94, 37–43.
author keywords: National Wildlife Refuges; Open space; Amenity values; Hedonic analysis
open access via hdl.handle.net (repository)
UN Sustainable Development Goal Categories
11. Sustainable Cities and Communities
(Web of Science; OpenAlex)
Source: Web Of Science
Added: August 6, 2018
This research quantifies the property value benefits of National Wildlife Refuges near urban areas on the eastern coast of the U.S.A. Our approach is made possible through access to confidential U.S. Census data identifying property values surrounding all refuges with high geographic resolution. Results from hedonic property value models suggest that the amenity values of refuges located near urbanized areas are capitalized into the value of homes in very close proximity, averaging $11 million per refuge. These capitalized values add directly to the local tax base and are considerable complements to the annual economic value created by the refuge system.