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.

  • Corporate Authors:

    Pennsylvania State University, University Park

    Center for the Study of Science Policy
    University Park, PA  United States  16802

    Research and Special Programs Administration

    1200 New Jersey Avenue, SE
    Washington, DC  United States  20590
  • Authors:
    • Nelson, J P
  • Publication Date: 1978-9

Media Info

  • Pagination: 153 p.

Subject/Index Terms

Filing Info

  • 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