10 Oct '11, 9am

New Evidence that Urban Trees Add Value – As in Dollars

New Evidence that Urban Trees Add Value – As in Dollars

Atlantic writer Eric Jaffe picked out some interesting details in the new study, which was conducted by the Forest Service and co-authored with the National Institute of Standards and Technologies. With the help of tree data from Google Earth , the researchers found that trees on or near a property increased the rent of a property by a modest amount, about $5.00 to $21.00 monthly (the study controlled for other factors including, most significantly, neighborhood desirability). The real difference was in sales value. The study found that trees in front of a property increased its value by up to $7,000. Jaffe notes that street trees can also significantly boost the effect of other important property value factors such as walkability.

Full article: http://www.triplepundit.com/2011/10/new-evidence-urban-tr...

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