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Living on the Edge: Residential Property Values in the Urban-Rural Interface

Published online by Cambridge University Press:  28 April 2015

Molly Espey ,
Fahmida Fakhruddin ,
Lawrence R. Gering  and
Huiyan Lin
Molly Espey
Affiliation:
Department of Applied Economics and Statistics, Clemson University, Clemson, SC
Fahmida Fakhruddin
Affiliation:
Department of Applied Economics and Statistics, Clemson University, Clemson, SC
Lawrence R. Gering
Affiliation:
Department of Forestry and Natural Resources, Clemson University, Clemson, SC
Huiyan Lin
Affiliation:
Capital One
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Abstract

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.

Keywords

environmental valuationhedonic analysislake proximityrural developmenturban-rural interfaceurban sprawl018R14R21
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 39 , Issue 3 , December 2007 , pp. 689 - 699
Copyright
Copyright © Southern Agricultural Economics Association 2007

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