The Contribution of Trees to Residential Property Value

Abstract

This study was conducted to determine whether or not trees contribute to residential property value and the extent of that contribution in the areas observed. To accomplish this, homes were observed with a substantial amount of mature tree cover and homes were observed without tree cover. It is realized that there are other variables that contribute to residential property value and this information was obtained from tax cards on file in the town tax assessor's office. All possible variables were noted for each house observed including the sale price. Factor and multiple regression analysis was used to determine the effect of the independent variables on the dependent variable which is sales price of the house. The results showed that trees do contribute to property value in the areas observed. By using the equation formulated by the regression analysis, we can predict the value of homes. From the values derived by the regression analysis, it was found that good tree cover added $2,686 (or six percent of the total) to the property value of the homes observed.

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