ADVERSE AND BENEFICIAL EFFECTS OF HIGHWAYS ON RESIDENTIAL PROPERTY VALUES

Four residential communities bisected by Interstate highways were examined to determine the effects of regional accessibility and highway-generated disturbances on property values. Disturbances measured within each community included noise, carbon monoxide, nitrogen dioxide, hydrocarbons, and particulates. Data on traffic mix, volume, and speed were obtained simultaneously. Residents were interviewed to determine their perceptions of highway disturbance and other pertinent information. Data were gathered on all valid property sales from 1969 to 1971 Noise pollution level (NPL) contour lines and CO isopleths were plotted for each community. The NPL regression coefficient was significant in explaining variation in property values in all communities and showed an average loss of 2,050 dollars per property abutting the highway. Based on the high degree of multicollinearity between the NPL and CO variables in the regression model, the NPL coefficient reflects more than just noise-induced property value losses. The relationship among NPL, distance from the highway, and property value loss was determined. There was a high degree of correlation between measured noise (NPL) and perceived noise. Residents objected to noise more than any other highway-originating disturbance. Property value increases due to regional accessibility amounted to 5 million dollars in one community, whereas highway-induced property value losses in the same community were 300,000 dollars. Total highway-induced property value losses in the four study communities amounted to about 2.3 million or an average of 1,120 dollars per property.

Media Info

  • Media Type: Print
  • Features: Figures; References; Tables;
  • Pagination: pp 37-48
  • Monograph Title: Social, economic, behavioral and urban growth considerations in planning
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00081004
  • Record Type: Publication
  • ISBN: 0309023513
  • Files: TRIS, TRB
  • Created Date: Mar 26 1975 12:00AM