Earlier this month, The Wall Street Journal wrote about the value of street trees — those planted between the sidewalk and the road — in increasing the sales price of a home.
In the study featured — “Trees in the city: Valuing street trees in Portland, Ore.” — 2,608 single family home sales in Portland, Oregon, from July 1, 2006 to April 26, 2007 were analyzed.
Key findings from the research:
- Homes with street trees sold for $7,130 more, on average, and 1.7 days more quickly
- Neighboring houses within 100 feet of street trees sold for $1,688 more each, on average
- The sale premium of having street trees was the same as adding 129 square feet of finished space