Skip to page content
USDA Forest Service
  
Treesearch

Research & Development Treesearch

 
Treesearch Home
About Treesearch
Contact Us
Research & Development
Forest Products Lab
International Institute of Tropical Forestry
Northern
Pacific Northwest
Pacific Southwest
Rocky Mountain
Southern
Help
 

GeoTreesearch


Science.gov - We Participate


USA.gov  Government Made Easy


Global Forest Information Service

US Forest Service
P.O. Box 96090
Washington, D.C.
20090-6090

(202) 205-8333

You are here: Home / Search / Publication Information
Bookmark and Share

Publication Information

(2.3 MB)

Title: Property values, parks, and crime: a hedonic analysis in Baltimore, MD

Author: Troy, Austin; Grove, J. Morgan

Date: 2008

Source: Landscape and Urban Planning. 87: 233-245.

Publication Series: Journal/Magazine Article (JRNL)

Description: While urban parks are generally considered to be a positive amenity, past research suggests that some parks are perceived as a neighborhood liability. Using hedonic analysis of property data in Baltimore, MD, we attempted to determine whether crime rate mediates how parks are valued by the housing market. Transacted price was regressed against park proximity, area-weighted robbery and rape rates for the Census block groups encompassing the parks, and an interaction term, adjusting for a number of other variables. Four models were estimated, including one where selling price was log-transformed but distance to park was not, one where both were log-transformed, a Box-Cox regression, and a spatially adjusted regression. All results indicate that park proximity is positively valued by the housing market where the combined robbery and rape rates for a neighborhood are below a certain threshold rate but negatively valued where above that threshold. Depending on which model is used, this threshold occurs at a crime index value of between 406 and 484 (that is, between 406% and 484% of the national average; the average rate by block group for Baltimore is 475% of the national average). For all models, the further the crime index value is from the threshold value for a particular property, the steeper the relationship is between park proximity and home value.

Keywords: hedonic analysis, property value, crime, urban parks, green space, Baltimore Ecosystem Study

Publication Notes:

  • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
  • This publication may be available in hard copy. Check the Northern Research Station web site to request a printed copy of this publication.
  • Our on-line publications are scanned and captured using Adobe Acrobat. During the capture process some typographical errors may occur. Please contact Sharon Hobrla, shobrla@fs.fed.us if you notice any errors which make this publication unusable.

XML: View XML

Citation:


Troy, Austin; Grove, J. Morgan 2008. Property values, parks, and crime: a hedonic analysis in Baltimore, MD. Landscape and Urban Planning. 87: 233-245.

 


 [ Get Acrobat ]  Get the latest version of the Adobe Acrobat reader or Acrobat Reader for Windows with Search and Accessibility

USDA logo which links to the department's national site. Forest Service logo which links to the agency's national site.