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 Effect on property values -1 |
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Effect of skatepark on neighbouring property values -1
Related: Effect of skatepark on property values -2
Quoting from page 14 of The Urban Grind – Skateparks, Neighborhood Perceptions and Planning Realities (33-page pdf file) done in Portland, Oregon (Aperio Consulting, 2005):
"4) Neighbors have predominantly moderate views regarding skatepark impacts.
Our neighborhood questionnaires revealed that neighbors had fairly moderate opinions about the skatepark and its impacts. Figure 4 shows the majority of neighbors around both parks were somewhat positive (35%) or neutral (31%) about the skatepark. Figures 5 and 6 illustrate that of those neighbors who lived in the neighborhood before the skateparks were built, 43% at Tanner Creek and 61% at Pier Park, reported that there was no difference between what they expected at the time it was constructed and what they now experience.
Homeowners often raise concerns about whether an unwanted facility will lower their property values.
If skateparks lower property values then one would expect neighbors to express negative opinions about their skatepark. This study investigated neighbors' perceptions of this issue. Figure 7 shows that most neighbors either were not sure if the skatepark impacted their property values or thought there was no impact. Those few who thought it increased or decreased property values where evenly split. This suggests that neighbors do not have strong opinions about the impacts of skateparks on their property values.
Likewise, when asked "What is the best and worst thing about having the park in your neighborhood?" very few questionnaire respondents in either neighborhood mentioned their skatepark. When given the opportunity, the skatepark and its impacts are not foremost in neighbors' minds.
Perception
Skateparks will decrease the value of my home.
Reality
Home value is a complex combination of factors including local market supply and demand and other market conditions."
[Download The Urban Grind – Skateparks, Neighborhood Perceptions and Planning Realities (33-page pdf file) or View as HTML (with different page numbers & without graphs)]
The report is endorsed by both the City of Portland, Oregon
and the City of Seattle, Washington. (There are lots of skateparks out west).
View page 14 (JPEG), quoted from above
View page 33 (JPEG) - list of skateparks study was based on.
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More info about the effect of skatepark on neighbouring property values
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Jul 27, 2010
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