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US EPA: Smart Growth: The Market Acceptance of Single-Family - epa

US EPA: Smart Growth: The Market Acceptance of Single-Family - epa 2025

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The document analyzes the market acceptance and price premium of single-family housing units in smart growth communities, specifically Kentlands and Lakelands, compared to conventional developments. Using hedonic pricing methodology on over 4,700 sales transactions from 1997 to 2005 in Montgomery County, Maryland, the study finds a sustained price premium of 16.1% for Kentlands and 6.5% for Lakelands. The results indicate strong market acceptance of smart growth principles over time, suggesting that homebuyers are willing to pay more for homes in these communities.

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