A House Near a National Park Can Be a Bargain

Or, it could require paying a premium, according to a recent study. It all depends on which national park you’re near.

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Owning a home in or around a pristine natural area that will remain untouched by development is no fantasy if you buy near a national park. And it doesn’t always carry a premium price, either. A recent study by Outforia, an online resource offering news, information and research about nature and outdoors activities, compared the values of homes near U.S. national parks to find the greatest premiums and discounts compared with the averages in those states.

To do so, they consulted the Zillow Home Value Index for cities or towns nearest national parks. If nearby home-value data was unavailable, or if the nearest city or town could not be clearly defined, the park was not considered, leaving 50 national parks to rank.

Grand Teton National Park in Wyoming had the highest nearby premiums. In adjacent Moose, Wyo., home values averaged $1.354 million — or 390 percent of the state average.Indiana Dunes National Park, in Indiana along Lake Michigan’s southern shore, was next. Its shoreline, prairies, rivers and forests are easily available to residents of Dune Acres, Mich., where home values averaged $807,779, or 329 percent of the state average.

Many relative bargains were also found, the greatest in International Falls, Minn., next to Voyageurs National Park (its name comes from French Canadian traders once active in the area). Homes in International Falls, Minn., were valued at an average of $78,128, or 74 percent below the state average. Although homes there had the highest percentage discount relative to the state average, the cheapest prices in the study were found adjacent to Congaree National Park, in central South Carolina. It is immediately accessible from Eastover, S.C., where the average home value was 71 percent below the state average, or just $67,192. Take a look at this week’s chart to help plot your dreams, no matter your budget.

The Price of Living Near a National Park

The 10 national parks near which homes are valued at the highest premium over the state average, and the 10 where their values offer the greatest savings.

Where you’ll pay a premium

AVERAGE

HOME

VALUE

OVER

STATE

AVERAGE

PARK

NEARBY TOWN OR CITY

Grand Teton

Indiana Dunes

Glacier

Cuyahoga Valley

Yellowstone

Acadia

Hot Springs

Rocky Mountain

Channel Islands

Haleakala

Moose, Wyo.

Dune Acres, Ind.

West Glacier, Mont.

Peninsula, Ohio

West Yellowstone, Mont.

Bar Harbor, Maine

Hot Springs, Ark.

Estes Park, Colo.

Avalon, Calif.

Hana, Hawaii

$1,353,588

$807,779

$976,177

$304,809

$557,698

$438,876

$195,738

$602,658

$791,577

$808,273

+390

+329

+166

+65

+52

+40

+29

+20

+13

+9

%

Where you’ll save

AVERAGE

HOME

VALUE

UNDER

STATE

AVERAGE

PARK

NEARBY TOWN OR CITY

Voyageurs

Congaree

Petrified Forest

Hawaii Volcanoes

Canyonlands

Mount Rainier

Lassen Volcanic

Kings Canyon

Mesa Verde

Joshua Tree

International Falls, Minn.

Eastover, S.C.

Holbrook, Ariz.

Volcano, Hawaii

Monticello, Utah

Packwood, Wash.

Chester, Calif.

Hume, Calif.

Cortez, Colo.

Joshua Tree, Calif.

$78,128

$67,192

$145,972

$305,976

$202,621

$227,367

$308,397

$321,356

$233,393

$344,211

-74

-71

-60

-59

-58

-57

-56

-54

-53

-51

%

Where you’ll pay a premium

Where you’ll save

AVERAGE

HOME

VALUE

OVER

STATE

AVERAGE

AVERAGE

HOME

VALUE

UNDER

STATE

AVERAGE

PARK

NEARBY TOWN OR CITY

PARK

NEARBY TOWN OR CITY

Grand Teton

Indiana Dunes

Glacier

Cuyahoga Valley

Yellowstone

Acadia

Hot Springs

Rocky Mountain

Channel Islands

Haleakala

Voyageurs

Congaree

Petrified Forest

Hawaii Volcanoes

Canyonlands

Mount Rainier

Lassen Volcanic

Kings Canyon

Mesa Verde

Joshua Tree

Moose, Wyo.

Dune Acres, Ind.

West Glacier, Mont.

Peninsula, Ohio

West Yellowstone, Mont.

Bar Harbor, Maine

Hot Springs, Ark.

Estes Park, Colo.

Avalon, Calif.

Hana, Hawaii

$1,353,588

$807,779

$976,177

$304,809

$557,698

$438,876

$195,738

$602,658

$791,577

$808,273

+390

+329

+166

+65

+52

+40

+29

+20

+13

+9

%

%

International Falls, Minn.

Eastover, S.C.

Holbrook, Ariz.

Volcano, Hawaii

Monticello, Utah

Packwood, Wash.

Chester, Calif.

Hume, Calif.

Cortez, Colo.

Joshua Tree, Calif.

$78,128

$67,192

$145,972

$305,976

$202,621

$227,367

$308,397

$321,356

$233,393

$344,211

-74

-71

-60

-59

-58

-57

-56

-54

-53

-51

Source: Outforia; Zillow Home Value Index

By The New York Times

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