Trees = Greater Property Values?October 18, 2011
Sorry, I have badly neglected this blog. Happy to have a few interesting tidbits to post now.
First up, we know that higher Walkscores increase property value. Now we have some evidence that trees do the same thing (well, at least they increase rental values, which should be a strong correlate).
I learned a lot about how trees create value earlier this year when we processed the re-writing of Portland’s tree code. Now a study suggests that street trees can increase a property’s rental value by $21/month, while on-lot trees add a bit less than $6.