Urban homes near wildlife refuges carry higher value
Buying a house close to nature might not only be good for peace of mind — but also for home value.
A study commissioned by the D.C.-based U.S. Fish and Wildlife Service indicates urban housing in close proximity to national wildlife refuges maintains a higher value than other city and suburban homes.
According to the study, conducted by economic researchers at North Carolina State University, homes within half a mile of a refuge and within eight miles of an urban center receive a 4 percent to 5 percent boost in value in the Northeast and 7 percent to 9 percent increase in the Southeast.
Dan Ashe, director of the Fish and Wildlife Service, said the results show refuges offer benefits beyond preservation.
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