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The effect of urban trees on the rental price of single-family homes in Portland, Oregon

Published

Author(s)

Geoffrey Donovan, David Butry

Abstract

Few studies have estimated the effect of environmental amenities on the rental price of houses. We address this gap in the literature by quantifying the effect of urban trees on the rental price of single-family homes in Portland, Oregon. We found that an additional tree on a house's lot increased monthly rent by $5.62, and a tree in the public right of way increased rent by $21.00. These results are consistent with a previous hedonic analysis of the effects of trees on the sales price of homes in Portland, which suggests that homeowners and renters place similar values on urban trees.
Citation
Urban Forestry and Urban Greening
Volume
10

Citation

Donovan, G. and Butry, D. (2011), The effect of urban trees on the rental price of single-family homes in Portland, Oregon, Urban Forestry and Urban Greening, [online], https://tsapps.nist.gov/publication/get_pdf.cfm?pub_id=907993 (Accessed June 15, 2024)

Issues

If you have any questions about this publication or are having problems accessing it, please contact reflib@nist.gov.

Created July 31, 2011, Updated October 12, 2021