THE VARIED IMPACT OF GREENWAYS ON RESIDENTIAL PROPERTY VALUES IN A METROPOLITAN, MICROPOLITAN, AND RURAL AREA: THE CASE OF THE CATAWBA REGIONAL TRAIL

Abstract

This paper presents hedonic analyses designed to estimate the real estate premium from improved access to a regional greenway system in three distinct counties. The hypothesis is tested that unobservable factors relating to the overall economic structure of each county influence how and to what extent access to open space is effectively capitalized into residential sales prices.Land Economics/Use,