Examining the effects of green infrastructure on residential sales prices in Omaha, Nebraska

Abstract

Green infrastructure (GI), practices consisting of using vegetation and soil to manage stormwater runoff (e.g., rain gardens, vegetated roofs, bioswales, etc.), has been adopted by cities across the world to help address aging water infrastructure, water quality, excess water quantity, and urban planning needs. Although GI's contribution to stormwater control and management has been extensively studied, the economic value of its benefits is less known. In Omaha, NE, GI projects have been completed in several public parks. Using a repeat-sales model based on 2000-2018 housing data, we examined the effect of GI on the value of single-family homes within various buffer distances of parks where GI was installed. After controlling for changes associated with home deterioration and renovation, non-stationary location effects, and time-invariant characteristics, we did not find any statistically significant relationships between housing values and GI. This finding is consistent with the notion that homeowners place little value on modifications to existing greenspace, but may also stem from homeowners' lack of familiarity with GI practices or data limitations.

Solution to what? Global assessment of nature-based solutions, urban challenges, and outcomes

“…Our results confirm that the majority of cases (507 of 547) explicitly link NbS to specific urban challenges. Cases for which this link was missing mostly related to studies focused on ES assessment and economic valuation (e.g., Chen, Wang, Ni, Zhang, & Xia, 2020; Hoover, Price, & Hopton, 2020). In our dataset, the most frequently reported urban challenges include health and well-being, biodiversity loss, and the urban heat island.…”

Effects of Urban Parks on Housing Prices in the Post-COVID-19 Pandemic Era in China

“…The HPM was revised to be widely applied for the monetary evaluation of ecosystem services and natural environments [4]. There are three forms of the HPM, including linear regression, semi-logarithmic regression, and logarithmic regression [2,4,12,18,22,25,[53][54][55][56]. The functional forms of each model are described as follows.…”

What makes a successful Sponge City project? Expert perceptions of critical factors in integrated urban water management in the Asia-Pacific

“…Within focus group discussions and also throughout key literature we found that beyond the radical transformation of social, technical and technical systems, integrated urban water management is often underpinned by pragmatic economic considerations (ECONF) (Alves et al, 2018). BGI has been shown to positively influence property values (Hoover et al, 2020), generate greater tourism amenity (Cook et al, 2019;Whiteoak, 2019), and promote the circular economy (Langergraber et al, 2020).…”