The Relative Impacts of Trails and Greenbelts on Home Price

  title={The Relative Impacts of Trails and Greenbelts on Home Price},
  author={Paul K. Asabere and Forrest E. Huffman},
  journal={The Journal of Real Estate Finance and Economics},
This study examines the impacts of trails and greenbelts and other amenities on home value. Using the hedonic framework the study provides analyses of a database consisting of roughly 10,000 sales of homes occurring from April 2001 to March 2002 in and around San Antonio, Bexar County, Texas. Among other things, our study shows that trails, greenbelts, and trails with greenbelts (or greenways) are associated with roughly 2, 4, and 5%, price premiums, respectively. The following amenities… 
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