San Francisco Department of the Environment

Green Homes Worth 9% More

Economists from UC Berkeley and UCLA completed an analysis of all 1.6 million single-family homes sold in California from 2007-2012 (Q1), studying the effect of green building labels on property sale values. They found that the approximately 4,000 green labeled homes with Energy Star, LEED for Homes, and GreenPoint Rated labels sold for 9% more (±4%) than comparable, non-labeled homes. The research indicates that the premium exists in hotter climates (where cooling costs are higher) and where environmental ideology (as measured by the rate of registration of hybrid vehicles) influences consumers' buying choices.

Read the Executive Summary and the Report >

(Published 07/17/2012)

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