April 2013 - Parks & Recreation - 82

BY THE NUMBERS

Economic Benefits of Open Spaces
Compact, walkable communities with shared open spaces
provide more economic benefits than you might realize

$1,214:

Increased sale
price of a home if within 1,500 feet
of an urban park.

$5,657: Increased sale

price of a home if within 1,500 feet
of a specialty park.

$8,849:

Increased sale
price of a home if within 1,500 feet
of a golf course.

$10,648: Increased

32: Average percentage of

savings per unit to supply infrastructure services to a compact, walkable
community versus a conventional
subdivision.

30: Percentage of runoff

reduction achieved in a compact
community versus a conventional
subdivision.

83: Percentage of water-use

sale price of a home if within 1,500
feet of a natural forest area.

reduction achieved in a compact
community versus a conventional
subdivision.

29¢: Cost required for ser-

0.6: Percentage of increase

vices for open-space lands per dollar
of revenue generated.

20 to 30: Percentage

of increased sales for developed lots
with trees versus similarly sized lots
without trees.

$71.6 billion:

Amount the state of Rhode Island
is projected to save from 2001 to
2021 by building new housing units
within existing urban areas instead
of undeveloped areas.

in house price correlating with a 10
percent increase in lot size.

Source: The Economic Benefits of Open Space, Recreation Facilities, and Walkable Community Design (www.activelivingresearch.org/econbenefit).

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Parks & Recreation

| APRIL 2013 | WWW.NRPA.ORG



April 2013 - Parks & Recreation

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