The Value of Neighborhood and Property Tree Canopy Across Different Property Values for Residential Resales in San Antonio, Texas
Previous research shows that neighborhood trees promote housing premiums, but property tree may not. This paper expands the research by measuring the value that property and neighborhood tree canopy add to home sale price. Rather than treating the entire city as the analysis area, we break the city...
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| Language: | English |
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Taylor & Francis Group
2025-12-01
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| Series: | Journal of Sustainable Real Estate |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/19498276.2025.2461833 |
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| author | Ryun Jung Lee Thomas A. Thomson |
| author_facet | Ryun Jung Lee Thomas A. Thomson |
| author_sort | Ryun Jung Lee |
| collection | DOAJ |
| description | Previous research shows that neighborhood trees promote housing premiums, but property tree may not. This paper expands the research by measuring the value that property and neighborhood tree canopy add to home sale price. Rather than treating the entire city as the analysis area, we break the city into four Areas based on average house selling price and evaluate the canopy results by Area. We employ the 1 m resolution tree canopy data from the 2017 LiDAR, from which we extract the percentage of tree canopy on each property, and the percentage of tree canopy for the block group in which the sale took place (which we use as our neighborhood measure). We employ a semi log hedonic pricing model to analyze about 41,500 existing home sales to estimate the value of tree canopy. Our results show that in the Area with the lowest property values, either higher or lower than median tree canopy results in properties selling for less than the average canopy. For more valuable Areas, having less than median tree canopy generally reduces sale value while having more than median canopy increases sale value. We find this generally holds for both property canopy, and neighborhood canopy. |
| format | Article |
| id | doaj-art-3c01aca73cf3457e800631ee98c41d3e |
| institution | OA Journals |
| issn | 1949-8276 1949-8284 |
| language | English |
| publishDate | 2025-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Journal of Sustainable Real Estate |
| spelling | doaj-art-3c01aca73cf3457e800631ee98c41d3e2025-08-20T02:30:03ZengTaylor & Francis GroupJournal of Sustainable Real Estate1949-82761949-82842025-12-0117110.1080/19498276.2025.2461833The Value of Neighborhood and Property Tree Canopy Across Different Property Values for Residential Resales in San Antonio, TexasRyun Jung Lee0Thomas A. Thomson1School of Architecture and Planning, The University of Texas, San Antonio, TX, USADepartment of Finance, Alvarez College of Business, The University of Texas, San Antonio, TX, USAPrevious research shows that neighborhood trees promote housing premiums, but property tree may not. This paper expands the research by measuring the value that property and neighborhood tree canopy add to home sale price. Rather than treating the entire city as the analysis area, we break the city into four Areas based on average house selling price and evaluate the canopy results by Area. We employ the 1 m resolution tree canopy data from the 2017 LiDAR, from which we extract the percentage of tree canopy on each property, and the percentage of tree canopy for the block group in which the sale took place (which we use as our neighborhood measure). We employ a semi log hedonic pricing model to analyze about 41,500 existing home sales to estimate the value of tree canopy. Our results show that in the Area with the lowest property values, either higher or lower than median tree canopy results in properties selling for less than the average canopy. For more valuable Areas, having less than median tree canopy generally reduces sale value while having more than median canopy increases sale value. We find this generally holds for both property canopy, and neighborhood canopy.https://www.tandfonline.com/doi/10.1080/19498276.2025.2461833Property and neighborhood tree canopygreen spaceproperty valueshousing premiumsocioeconomic |
| spellingShingle | Ryun Jung Lee Thomas A. Thomson The Value of Neighborhood and Property Tree Canopy Across Different Property Values for Residential Resales in San Antonio, Texas Journal of Sustainable Real Estate Property and neighborhood tree canopy green space property values housing premium socioeconomic |
| title | The Value of Neighborhood and Property Tree Canopy Across Different Property Values for Residential Resales in San Antonio, Texas |
| title_full | The Value of Neighborhood and Property Tree Canopy Across Different Property Values for Residential Resales in San Antonio, Texas |
| title_fullStr | The Value of Neighborhood and Property Tree Canopy Across Different Property Values for Residential Resales in San Antonio, Texas |
| title_full_unstemmed | The Value of Neighborhood and Property Tree Canopy Across Different Property Values for Residential Resales in San Antonio, Texas |
| title_short | The Value of Neighborhood and Property Tree Canopy Across Different Property Values for Residential Resales in San Antonio, Texas |
| title_sort | value of neighborhood and property tree canopy across different property values for residential resales in san antonio texas |
| topic | Property and neighborhood tree canopy green space property values housing premium socioeconomic |
| url | https://www.tandfonline.com/doi/10.1080/19498276.2025.2461833 |
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