Community gardens not only provide healthy food, exercise, and green spaces for city residents, they also revitalize neighborhoods and increase home values. Researchers from the American Real Estate and Urban Economics Association studied the effect of a new community garden in New York City on home values in a 1000-foot ring around the garden. They found that in poor neighborhoods, after 5 years the community garden increased home values by as much as 9 percent. The impact was greatest for well-tended community gardens and those furthest away for city parks and green spaces.
For more information about this study, go to: Real Estate Economics .
Article published on December 2, 2008.