Omaha Property Values and GI

In Omaha, NE, more than 25 GI projects have been completed to date, with several featuring GI practices in public parks. Using a repeat sales model , we examined the effect of GI on the value of nearby single-family homes, based on housing sales and characteristic data from 2000 to 2018. We evaluated the sales price for homes using a buffer zone of 0-0.5km, and three additional models: homes within 0-0.25km, 0.25-0.5km, and greater than 0.5km from parks where GI was installed for 25,472 sale pairs. In addition to the repeat sales model, we performed a hot spot analysis on several demographic characteristics to capture systematic differences at a smaller spatial scale and over a longer time period than the repeat sales model could capture. We used US Census data on race and household income to examine changing patterns over time and space, and a spatial lag Maximum Likelihood Estimation model to determine if the location of GI correlated with either of these demographics.

This dataset is associated with the following publication: Hoover, F., J. Price, and M. Hopton. Examining the Effects of Green Infrastructure on Residential Sales Prices in Omaha, NE. Urban Forestry & Urban Greening. Elsevier B.V., Amsterdam, NETHERLANDS, 54: 126778, (2020).