Homebuyers will pay a premium to live near open, undeveloped land, writes The Wall Street Journal in an article Friday. "That could mean wildlife habitats, agricultural lands, important cultural sites, open space for scenic vistas," said Sarah Reed, co-author of the study and associate conservation scientist with the Wildlife Conservation Society.

A Colorado study revealed that homes in undesignated conservation developments sell for 25% more than those in conventional subdivisions, according to The Wall Street Journal.

Find out more about the study by watching the video provided by The Wall Street Journal below.