Social and Behavioral Sciences Commons^™

Assessing The Effect Of Parks On Surrounding Property Values Using Hedonic Models And Multilevel Models, I-Hui Lin

Theses and Dissertations

The various kinds of park benefits have been extensively discussed in the literature in order to suggest a better living environment for urban residents. Among them, the economic benefit has been suggested as the crucial one to support park development and management. A number of studies have been studied the economic impact of parks on surrounding property values and suggested that park proximity brings increment in property values. Some studies further considered park characteristics. The general suggestion from the literature was that parks primarily for passive recreation tend to have a positive impact on nearby property values and parks mainly …