Abstract

Purpose – By comparing regression models, this study aims to analyze the added home value of green sustainability features and green efficiency characteristics, rather than green certifications, in the city of Austin.

Design/methodology/approach – The adoption of home green energy efficiency upgrades has emerged as a new trend in the real estate industry, offering several benefits to builders and home buyers. These include tax reductions, health improvements and energy savings. Previous studies have shown that energy-certified single-family homes command a premium in the marketplace. However, the literature is limited in its analysis of the effects of green upgrades and certification on different types of single-family homes. To address this gap, this research collected data from 21,292 multiple listing services (MLS) closed home-selling listings in Austin, Texas, over a period of 35 months.

Keywords: Sustainability, Housing markets, Residential property

Junfeng Jiao
Department of Community and Regional Planning, The University of Texas at Austin, Austin, Texas, USA

Xiaohan Wu
Department of Marketing, The University of Texas at Austin, Austin Texas, USA

Yefu Chen
Department of Community and Regional Planning, The University of Texas at Austin, Austin, Texas, USA, and

Arya Farahi
Department of Statistics and Data Science, The University of Texas at Austin, Austin, Texas, USA

The material on this website can be used freely in any publication provided that:

1. It is duly credited as a project by the UT Austin Urban Info Lab

2. A PDF copy of the publication is sent to jjiao@austin.utexas.edu

All authors reviewed the results and approved the final version of the manuscript

jessicawu98@utexas.edu

Accessibility.

For more information, please visit: https://www.emerald.com/insight/content/doi/10.1108/IJHMA-07-2023-0095/full/html