Date of Award
2019
Document Type
Thesis
Degree Name
Bachelor of Arts
Department
Economics
Abstract
This study examines how proximity to public lands influences housing values. This will be done using a hedonic pricing strategy, which is useful when analyzing heterogeneous goods such as a house or apartment. The data for this study comes from the American Community Survey (ACS) of Denver, CO from 2010 and 2017. This study also includes four variables related to distance from large open public spaces: one each for the distance from the Rocky Mountain Arsenal National Wildlife Refuge, Rocky Flats National Wildlife Refuge, Cherry Creek State Park, and Chatfield State Park. Multiple linear regressions were used to analyze the effect of distance to these parks on median housing value.The results of this study reveal that consumers may value some of these large parks more than others.
Recommended Citation
Wyman, Connor, "The relationship between housing price and proximity to public land in Denver, CO" (2019). Honors Theses. 1398.
https://scholarship.richmond.edu/honors-theses/1398