Impacts of Second Home Development on Housing Prices in the Southern Appalachian Highlands

  • Authors: Cho, Seong-Hoon; Newman, David H.; Wear, David N.
  • Publication Year: 2003
  • Publication Series: Miscellaneous Publication
  • Source: RURDS Vol. IS. No. 3, November 2003

Abstract

This study estimates the value of socioeconomic, spatial and environmental attributes on housing prices of both urban and rural communities in the primary and second home areas of the Southern Appalachian Highlands, using the hedonic property price model. Distance and environmental attributes are valued more heavily in the rural communities of the second home area than in the urban communities of the primary home area. The effect of second homes on housing prices is mainly evident in the rural communities. Second home development impacts a home's value by US$2,378, or 4.2% of $56.245, the average value of a rural home.

  • Citation: Cho, Seong-Hoon; Newman, David H.; Wear, David N. 2003. Impacts of Second Home Development on Housing Prices in the Southern Appalachian Highlands. RURDS Vol. IS. No. 3, November 2003
  • Posted Date: April 1, 1980
  • Modified Date: August 25, 2014
  • Print Publications Are No Longer Available

    In an ongoing effort to be fiscally responsible, the Southern Research Station (SRS) will no longer produce and distribute hard copies of our publications. Many SRS publications are available at cost via the Government Printing Office (GPO). Electronic versions of publications may be downloaded, printed, and distributed.

    Publication Notes

    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
    • Our online publications are scanned and captured using Adobe Acrobat. During the capture process some typographical errors may occur. Please contact the SRS webmaster if you notice any errors which make this publication unusable.
    • To view this article, download the latest version of Adobe Acrobat Reader.