This meta-analysis uses 21 hedonic property value studies and 157 unique observations to study the influence of tree cover on the value of homes in the United States. Findings suggest the larger elasticity for off-property tree cover than on property tree cover (unless tree density is 10% or lower) suggests that the property value of homes rises more if tree cover is not on land that homeowners are responsible for maintaining.
Keywords: hedonic benefit transfer, urban forest, home value, street trees, public r.o.w., property values, analysis
2022. Ecological Economics, 197.View Resource Download Resource