The Impact of Wildfires and Wildfire-Induced Air Pollution on House Prices in the United States

Zeying Huang and Mark Skidmore

Land Economics, 2024, vol. 100, issue 1, 22-50

Abstract: We investigate the direct impact of wildfires on house prices as well as the indirect impact of wildfires through fine particulate matter (PM2.5) in the United States. We find that wildfires, particularly those occurring at a distance, have a statistically significant detrimental impact on house prices via PM2.5. We observe notable price discrepancies between houses situated upwind and downwind of wildfires. Areas with longer periods of wildfire absence and greater distances from the nearest wildfire correspond to higher property prices. Households value locations with ample greenery while remaining cognizant of wildfire risks.

JEL-codes: Q51 Q54 (search for similar items in EconPapers)
Date: 2024
Note: DOI: https://doi.org/10.3368/le.100.1.102322-0093R
References: Add references at CitEc
Citations:

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/100/1/22
A subscription is required to access pdf files. Pay per article is available.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:100:y:2024:i:1:p:22-50

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().