AIRCRAFT NOISE AND THE MARKET FOR RESIDENTIAL HOUSING: EMPIRICAL RESULTS FOR SEVEN SELECTED AIRPORTS
The annoyance due to aircraft noise is capitalized into the value of residential property. Measurement of relationships between aircraft noise levels and property values provides a means by which to calculate the benefits of noise abatement. The study seeks to obtain a measure of the effect on property values of a decibel change in Noise Exposure Forecast (NEF) levels, other factors remaining constant. The resulting damage cost is interpreted as the amount individuals would be willing to pay for noise abatement, given that the change in noise levels is small. Census block and census tract data are employed for small geographic areas (about two miles radius) near seven selected major U.S. airports. In each of seven cases, the results indicate that aircraft noise has a negative and statistically significant effect on residential property values.
Pennsylvania State University, University ParkCenter for the Study of Science Policy
University Park, PA USA 16802
Washington, DC USA 20590
- Nelson, J P
- Publication Date: 1978-9
- Pagination: 153 p.
- TRT Terms: Aircraft; Aircraft noise; Airports; Benefits; Coefficients; Dwellings; Economic impacts; Housing; Housings; Land use planning; Land values; Market research; Marketing; Markets; Noise; Noise control; Present value; Prices; Residential areas; Sales; Sound level; Statistical analysis; Studies
- Uncontrolled Terms: Noise reduction; Value
- Old TRIS Terms: Air craft noise/community reaction/; Noise abatement/land use planning; Noise sound; Renefits
- Subject Areas: Aviation; Data and Information Technology; Economics; Environment; Finance; Society; Terminals and Facilities; Vehicles and Equipment;
- Accession Number: 00198743
- Record Type: Publication
- Source Agency: National Technical Information Service
- Report/Paper Numbers: DOT/RSPA/DPB50/78/24Final Rpt.
- Contract Numbers: DOT-OS-70066
- Files: TRIS, USDOT
- Created Date: Oct 17 1980 12:00AM