Green space is typically associated with positive externalities, including aesthetic and recreational pleasure, but specific land uses and practices can result in adverse external effects. This paper incorporates Geographic Information System (GIS) and two hedonic fixed-effect pricing models to quantify the influence of different characteristics of heterogeneous land cover on the housing market in three-counties (Cobb, Athens-Clarke, and Oconee) in Georgia. We control for land use type change over time and analyze the impacts of the share of different surrounding green spaces on residential property values. Our results show substantial variation between different land types across the two hedonic pricing models, and according to the level of urbanization of the county.
