Do Landfills Always Depress Nearby Property Values?

Richard Ready

Journal of Real Estate Research, 2010, vol. 32, issue 3, 321-340

Abstract: All available hedonic pricing estimates of the impact of landfills on nearby property values are assembled, including original estimates for three landfills in Pennsylvania. A meta-analysis shows landfills that accept high volumes of waste (500 tons per day or more) decrease adjacent residential property values by 13.7%, on average. This impact diminishes with distance at a gradient of 5.9% per mile. Lower-volume landfills decrease adjacent property values by 2.7%, on average, with a gradient of 1.3% per mile. While essentially all high-volume landfills negatively impact nearby property values, 20-26% of low-volume landfills do not impact nearby property values.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (11)

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Journal Article: Do Landfills Always Depress Nearby Property Values? (2010)
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