Abstract

http://ssrn.com/abstract=1127945
 
 

References (27)



 
 

Citations (7)



 


 



The Effect of Community Gardens on Neighboring Property Values


Ioan Voicu


Government of the United States of America - Office of the Comptroller of the Currency (OCC); NYU's Furman Center for Real Estate and Urban Policy

Vicki Been


New York University School of Law


Real Estate Economics, Vol. 36, Issue 2, pp. 241-283, Summer 2008

Abstract:     
Cities across the United States that have considerable vacant land are debating whether to foster community gardens on that land, while cities with land shortages are debating when to replace gardens with other uses. Meanwhile, many cities are looking for new ways to finance green spaces. Little empirical evidence about the neighborhood impacts of community gardens is available, however, to inform the debate or to help cities design financing schemes. This article estimates the impact of community gardens on neighborhood property values, using rich data for New York City and a difference-in-difference specification of a hedonic regression model. We find that gardens have significant positive effects, especially in the poorest neighborhoods. Higher-quality gardens have the greatest positive impact.

Number of Pages in PDF File: 43


Date posted: May 8, 2008  

Suggested Citation

Voicu, Ioan and Been, Vicki, The Effect of Community Gardens on Neighboring Property Values. Real Estate Economics, Vol. 36, Issue 2, pp. 241-283, Summer 2008. Available at SSRN: http://ssrn.com/abstract=1127945 or http://dx.doi.org/10.1111/j.1540-6229.2008.00213.x

Contact Information

Ioan Voicu (Contact Author)
Government of the United States of America - Office of the Comptroller of the Currency (OCC) ( email )
400 7th Street SW
Washington, DC 20219
United States
NYU's Furman Center for Real Estate and Urban Policy ( email )
New York, NY 10012
United States
Vicki Been
New York University School of Law ( email )
40 Washington Square South
New York, NY 10012-1099
United States
212-998-6223 (Phone)
212-995-4341 (Fax)
Feedback to SSRN


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References:  27
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