State Water Resources Research Institute Program

Project ID: 2008NE164B
Title: How Water Resources Limit and/or Promote Residential Housing Developments in Douglas County
Project Type: Research
Start Date: 3/01/2008
End Date: 2/28/2009
Congressional District: 2
Focus Categories: Economics, Floods, Management and Planning
Keywords: hedonic valuation method, floodplains lake views
Principal Investigator: Shultz, Steven
Federal Funds: $ 10,000
Non-Federal Matching Funds: $ 30,000
Abstract: The impact of 100-year floodplain designations on residential property values in Omaha will be quantified in order to generate accurate estimates of the economic losses associated with pending changes to FEMA floodplain maps. The impact of man-made lake view amenities on property values will be measured to determine fair market prices to charge for residential lots with lake views. The impact of alternative types of Low Impact Development Designs (for stormwater management) on single-family housing values will be measured in order to help determine which types of LID sub-division designs should be promoted.

Final Report, 2009, PDF

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