Essentially this research utilizes the hedonic property
value model to investigate the marginal value that residents
place on water quality within a small localized watershed
through the use scientific data from twenty-two monitoring
stations located throughout the watershed. Ambient water
quality within this watershed is determined almost exclusively
from non-point sources associated with impervious
surfaces which are directly related to development or land use
activities and to a lesser extent agricultural runoff. The
following sections include a review of related literature; a
review of the hedonic theory; a description of the data; a
discussion of the econometric model; the empirical results and conclusions.