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Phragmites Removal Increases Property Values In Michigan’S Lower Grand River Watershed, Paul Isely, Erik E. Nordman, Shaun Howard, Richard Bowman

Journal of Ocean and Coastal Economics

The presence of Phragmites australis, an invasive wetland plant, negatively affects coastal property values and home prices rise with distance from Phragmites. Home prices increased as distance to Phragmites increased at a rate of $3.90/meter. Removing Phragmites from a property so that the next closest Phragmites was 400 m away results in a property value increase of over $1,500. Removing all Phragmites within 400 m of any property results in a total property value impact of $837,000. This generates about $13,457-$15,121 in additional property taxes each year once the prices and taxes adjust to the plant’s removal. We …