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 lowvolume landfills do not impact nearby property values.
|Original language||English (US)|
|Number of pages||19|
|Journal||Journal of Real Estate Research|
|State||Published - 2010|
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance (miscellaneous)