What the Frack? The Impact of Seismic Activity on Residential Property Values

Chris Mothorpe and David Wyman

Journal of Housing Research, 2021, vol. 30, issue 1, 34-58

Abstract: We utilize the US Geological Survey (USGS) Did You Feel It? (DYFI) system to estimate the impact of induced earthquake activity on residential property values in Oklahoma City. Hedonic models based on DYFI analyses report a higher-pricing discount for residential properties from 2010 to 2015 compared to analyses based on traditional MMI measurements. We also find that lower income households experience larger pricing impacts relative to higher-income households; however, the pricing impacts begin to dissipate in 2016 coinciding with legislation mandating a reduction in induced seismic activity. Our findings raise potential policy implications for future unconventional oil and gas development, hydraulic fracturing, and wastewater disposal.

Date: 2021
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DOI: 10.1080/10527001.2020.1827579

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