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Living on the Edge: Residential Property Values in the Urban-Rural Interface
- Article from:
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Journal of Agricultural and Applied Economics
- Article date:
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December 1, 2007
- Author:
- Espey, Molly; Fakhruddin, Fahmida; Gering, Lawrence R; Lin, Huiyan
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Copyright informationCopyright Southern Agricultural Economics Association Dec 2007. Provided by ProQuest LLC. (Hide copyright information)
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This study estimates the contribution of both urban-rural fringe location and lake proximity on residential property values in three upstate counties of South Carolina through estimation of spatial hedonic housing price models. Location in the urban fringe and the urban-rural interface are found to have a positive impact on residential housing values relative to either urban or more rural locations. Lakes in the upstate contribute positively to housing values to the extent that the house has a view of a lake, lake access, or lake frontage.
Key Words: environmental valuation, hedonic analysis, lake proximity, rural development, urban-rural interface, urban sprawl
JEL Classifications: O18, ...