The University of Arizona

Research Outcomes | CLIMAS

Research Outcomes

The results of this research show that homebuyers are willing to pay 5.3 percent and 5 percent more for an equivalent home, respectively, for a 10 percent increase in greenness at the parcel and nearest riparian corridor. Homebuyers have distinct preferences between riparian species, valuing hydro and mesoriparian species, such as cottonwoods and mesquites, most highly. Homebuyers are also willing to pay more for a home that is located near a riparian corridor with greater vegetation volume and species richness.

The riparian corridor adds considerable value to private property values in Tucson, specifically those sections of the corridor that support abundant native tree species. Additionally, homebuyers distinguish between natural and manmade amenities. Therefore, accurate property assessment requires that attention be paid to the specific services and values that various types of vegetated space provide.