Abstract
We applied a simple hedonic price model to determine the benefits of fuel reduction treatments reflected in residential housing values in Flagstaff, Arizona, in hopes of finding a way to address increasing treatment costs. Results show that the fuel reduction treatments that convert high canopy closure would increase property values significantly ($190 per 1,000 m2 per home). The treatments that lower forest density are not only one means to reduce Wildfire hazard but also to enhance scenic beauty and improve residential property values.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 146-151 |
| Number of pages | 6 |
| Journal | Journal of Forestry |
| Volume | 103 |
| Issue number | 3 |
| State | Published - Apr 2005 |
Keywords
- Economics
- Geographic information systems
- Hedonic price method
- Wildland-urban interface
ASJC Scopus subject areas
- Forestry
- Plant Science