Do land fills always depress near by property values?

Richard C. Ready

Research output: Contribution to journalArticlepeer-review

25 Scopus citations

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 lowvolume landfills do not impact nearby property values.

Original languageEnglish (US)
Pages (from-to)321-339
Number of pages19
JournalJournal of Real Estate Research
Volume32
Issue number3
StatePublished - 2010

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance (miscellaneous)

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