An Empirical Analysis of Determinants of Land Values in the Adirondack Park

A bstract . This study contributes to our knowledge about the determinants of land values in the Adirondack Park in New York State. Sales data for 1971-1973 are used in the multiple regression analysis. The key variables influencing the price per acre for vacant forest land parcels are accessibility by road, location, adjacency to state land, date of sale, land use classification, size of parcel, site type, topography, and nonlocal buyers.