Market Acceptance of Smart Growth - Conservation Tools

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Market Acceptance of Smart Growth

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Riparian Buffer Protection

Author(s): Lee S. Sobel
Org./Source: US Environmental Protection Agency
Year: 2011

More often then not, home buyers are willing to pay a premium to live in smart growth developments and housing in smart growth developments often have a greater resale appreciation than their conventionally designed suburban counterparts. Studies cited in this article include a study of 18 smart growth and 18 conventional suburban developments where 56% of the smart growth developments had higher resale appreciation than their suburban counterparts, 33% had lower resale appreciation, and resale appreciation for the rest were roughly the same or were inconclusive. Another study showed that in Maryland, houses in two smart growth neighborhoods were valued at 16.1% and 9.5% higher than houses in the surrounding conventional subdivisions.

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Market_Acceptance_of_Smart_Growth.pdf (848.0 KB)

Topic tags: Economic Impacts of Sprawl and Smart Growth

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