Natural Resource Economics Commons^™

The Effects Of Environmental Restoration On Housing Prices In Northern Colorado, Jack Steketee

Capstones and Honors Theses

Hedonic valuation is a method of using a market, such as the housing market, to estimate the value of non-market goods. An example of a non-market good we might want to value is environmental quality. Proper valuation of the environment can help make informed policy decisions, as well as help better protect or restore it. We use the hedonic valuation model This research uses data from a housing market in Colorado to estimate the value homeowners place on an environmental restoration project. We hypothesized that overall, we would see an increase in home value after a restoration project was completed …