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This study provides evidence of the impact of an urban growth boundary (UGB) on housing and land prices. The study uses a data-set that inventories sales transactions of single-family homes and of vacant lots zoned for single-family homes within two miles of either side of the eastern boundary of the primary UGB in King County, Washington. The results show that although the UGB increases land prices by 230 per cent, it decreases housing prices by 1.3 per cent. These findings should encourage policy-makers to adopt a policy framework in which a UGB's anticipated inflationary land price effect is mitigated by policies that increase housing supply. Such policies could include minimum density requirements, zoning for multifamily housing, and ordinances enabling the construction of accessory dwelling units. [ABSTRACT FROM AUTHOR]

The study empirically estimates the effects of four types of impact fees (road, school, park, and fire protection impact fees) on new and existing housing, as well as the fees’ differential effects on price as determined by housing quality. The results indicate that impact fees generally raise the price of new housing. Further, the magnitude and the direction of the housing price effect of individual impact fees vary substantially. For example, the park impact fee increases the price of new and existing housing, whereas the fire protection impact fee has no effect or has a negative effect on housing prices. [ABSTRACT FROM PUBLISHER]

Using a longitudinal data set that inventories single-family home sale transactions within 3.2 km (2 mi) of the Central District redevelopment area of Oakland, CA, this paper finds that the targeted efforts to redevelop the Central District have partially mitigated the District's negative impact on surrounding neighborhoods. The paper examined the Central District from 1992 to 2006, a period during which the District changed in character from a business district to a mixed-use vibrant area. During the period 1992 through 2000, proximity to the Central District negatively impacted housing prices up to 1.6 km (1 mi) from the District boundary. However, the magnitude of the impact reduced in the 2001-2006 period and dissipated after 0.8 km (0.5 mi) from the District boundary, indicating that the redevelopment efforts had a positive spill-over effect on surrounding property values. [ABSTRACT FROM AUTHOR]