Description and expected coefficient signs of variables used in the Hedonic Pricing Model for Lakeland, Tennessee, USA.
| Variables | Description | Expected sign |
|---|---|---|
| Dependent | ||
| Price05 | Home sales price (2005 USD) | N/A |
| Structural | ||
| LotSize | Lot size in square meters | Positive |
| HouseSize | Floor area of home in square meters | Positive |
| SaleAge | Age in years of home at the time of sale | Negative |
| Bath (#) | Number of bathrooms at the time of sale | Positive |
| Fireplace | Number of fireplaces | Positive |
| Pool | Dummy variable for presence or absence of swimming pool | Positive |
| Neighborhood | ||
| NearArt | Distance in meters to nearest arterial roadway | Positive |
| NearC2 | Distance in meters to nearest commercial business | Positive |
| Elem_Dist | Dummy variable for elementary school district | N/A |
| Middle_Dist | Dummy variable for middle school district | N/A |
| Environmental | ||
| CanPER_LOT | Percent tree cover on the sample parcel | Positive |
| Canopy_100 ma | Percent tree cover within the 100-m buffer | Positive |
| Canopy_500 ma | Percent tree cover within the 500-m buffer | Positive |
| Canopy_1 kma | Percent tree cover within the 1-km buffer | Positive |
| DistPubPar | Distance in meters to nearest public park | Negative |
| DistLake | Distance in meters to nearest lake | Negative |
| DistGolf | Distance in meters to nearest golf course | Negative |
↵a Buffers were non-overlapping.