How Much Do Natural Amenities Add to Residential Property Values in the Mat-Su Borough?

In a new analysis, Matthew Berman and Jeffrey Armagost of ISER estimate that natural amenities—mainly salmon streams and lakes but also public parks and other protected areas—contribute roughly 37% of the total $7 billion in appraised value of vacant land and residential property in the Mat-Su Borough. The analysis is based on characteristics of residential parcels (both vacant land and land with cabins or houses) sold in the borough in 2009 and 2010. The work was supported by The Nature Conservancy, the Bullitt Foundation, and the U.S. Fish and Wildlife Service.

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