Residential Land Values in Urbanizing Areas

Zoning decisions related to residential lot size and density affect residential land value. Effects of size on residential parcel value in Roanoke County, VA, are estimated with fixed effects hedonic models. Parcel size; elevation; soil permeability; proximity to urban areas, malls, and roads; and location influence parcel value, but the effects vary by value of construction and development status. Parcel value per square meter declines with increasing parcel size. The estimated relationships could be used to evaluate zoning decisions in terms of land values and tax revenues if model estimation uncertainties and responses by developers to zoning strategies are considered.


Issue Date:
2008-08
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/47204
Published in:
Journal of Agricultural and Applied Economics, Volume 40, Number 2
Page range:
635-647
Total Pages:
13
JEL Codes:
Q24; C25; C52




 Record created 2017-04-01, last modified 2017-04-28

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)