Download or read book The Impact of Airport Noise and Proximity on Residential Property Values written by Molly Espey and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The hedonic price method is used to estimate the relationship between residential property values and airport noise and proximity to the airport in the Reno-Sparks area. Empirical results suggest there is a statistically significant negative relationship between airport noise and residential property values, with the average home in areas where noise levels are 65 decibels or high selling for about $2400 less than equivalent homes in quieter areas. However, in direct contrast to the study by Tomkins et al.(1998) who found proximity to the Manchester airport to be an amenity, this study finds proximity to theReno-Sparks airport to have a significant negative value.

Download or read book The Effects of Aircraft Noise and Airport Activity on Residential Property Values written by Marvin Frankel and published by . This book was released on 1988 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of 35 suburban communities around O'Hare Airport.

Download or read book The Effects of Mobile source Air and Noise Pollution on Residential Property Values written by Jon P. Nelson and published by . This book was released on 1975 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effect of Aircraft Noise and Airport Activity on Residential Property Values written by University of Illinois at Urbana-Champaign. Bureau of Economic and Business Research and published by . This book was released on 1988 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Sound Effects written by Curtis L. Myles and published by . This book was released on 1997 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effect of Aircraft Noise on Single family Residential Property Values written by Richard A. Williams and published by . This book was released on 1983 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Effects of Aircraft Noise written by Vincent Mestre and published by Transportation Research Board. This book was released on 2008 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: "TRB's Airport Cooperative Research Program (ACRP) Synthesis 9: Effects of Aircraft Noise: Research Update on Select Topics includes an annotated bibliography and summary of new research on the effects of aircraft noise. The report is designed to update and complement the U.S. Federal Aviation Administration's 1985 Aviation Noise Effects report"--Publisher's description

Download or read book The Impact of Airport Noise on Housing Values A Summary Report written by and published by . This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes the results of a bottom up examination of the impact of airport noise on housing values. The primary objective of this assessment was to determine whether a valid national level determination regarding the impact of airport noise on housing values could be made based on studies at individual airports. The studies were not intended to obtain precise values of the noise impact on property values around the airports that were considered. An analytical approach was designed that combined quantitative and qualitative techniques in a way that complements each and overcomes some of the shortcomings of previous studies that exclusively used one technique or the other. In recognition of the fact that local conditions can significantly affect real estate markets, this approach makes extensive use of local realtors and appraisers who are familiar with the area and any unique factors that must be considered when assessing the value of residential properties. This approach was used around airports in three major metropolitan areas to determine if the approach was repeatable and verifiable, and whether it provided consistent and reliable results in terms of trends regarding the economic impact of airport noise on housing values. They were also intended to assess the reliability and accessibility of the data required for such analyses. It was concluded that this approach represents a viable method of examining the effects of airport noise on housing values at the national level. A correct application of sampling methods and the analytical technique can be used to establish the nationwide magnitude of the effect that airport noise has on property values, and may help decision makers determine national policy or guidelines regarding the impact of airport noise on housing values. (AN).

Download or read book The Effect of Airport Noise on the Value of Residential Property Near Three Selected Airports written by Inja K. Paik and published by . This book was released on 1972 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Aircraft Noise and Residential Property Values written by Bradford G. Reid and published by . This book was released on 1977 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, environmental issues have taken a prominent position among the concerns expressed by many members of society. One such environmental issue is the problem of aircraft noise. As the air transportation industry has increased in size, the frequency and magnitude of noise endured by individuals living in proximity to airports or along aircraft flight paths has also increased. In the broadest context, aircraft noise can be considered to be an external diseconomy that reduces the utility levels of individuals residing near airports. The existence of an external diseconomy can lead to an inefficient allocation of resources with too much air transport service and too little noise abatement being provided to society. To determine an efficient allocation of resources, or at least what constitutes a movement towards efficiency, requires that it be possible to measure the costs of aircraft noise, or conversely the willingness to pay for quiet. This thesis provides both a theoretical and an empirical framework in which the problem of aircraft noise can be analyzed. Thus, the main emphasis of the thesis is twofold. First, a theoretical model capable of measuring the willingness to pay for quiet is formulated through a review and assessment of previous studies into the problem of environmental pollution. It is found that an analysis of expected changes in residential property values can be used to determine the willingness to pay for exogenous changes in the level of quiet provided that the area affected by the change is "small and open". Secondly, empirical estimates of the willingness to pay for quiet are derived using data from the Edmonton Industrial Airport and the City of Edmonton. This is accomplished by using the hedonic regression technique. House prices are regressed against a vector of housing characteristics, quiet included, so that the implicit marginal price of quiet is derived. This marginal price is then utilized, in a manner superior to previously used techniques 3 to calculate an estimate of the willingness to pay for changes in the level of quiet. The theoretical and empirical results are then used to assess policies designed to deal with the problem of aircraft noise that are currently in effect in the City of Edmonton.

Download or read book Spatial Hedonic Models of Airport Noise Proximity and Housing Prices written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Despite the refrain that housing prices are determined by "location, location, and location," no prior studies of airport noise and housing prices have incorporated spatial econometric techniques. We compare various spatial econometric models and estimation methods in a hedonic price framework to examine the impact of noise on 2003 housing values in the neighborhoods near the Atlanta airport. Strong evidence is presented that spatial effects are important and that these effects are best captured by a model that includes both spatial autocorrelation and autoregressive parameters. Modeling the spatial effects should yield airport noise parameter estimates that are more efficient and that are not subject to specification bias. Another key result is that the inclusion of spatial effects magnifies the negative price impacts of airport noise"--Federal Reserve Bank of St. Louis web site.

Download or read book Impact of Transportation Noise on Urban Residential Property Values with Special Reference to Aircraft Noise written by Inja Kim Paik and published by . This book was released on 1970 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Airport Noise on Residential Values written by Leonardo Amorim De Araujo and published by . This book was released on 1986 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Economic Impact of Air Pollution and Aircraft Noise on Residential Property Values written by Mark E. Tomassoni and published by . This book was released on 1978 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Meta Analysis of Airport Noise and Hedonic Property Values written by Jon P. Nelson and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meta-analysis is applied to the negative relationship between airport noise exposure and residential property values. The effect size in the analysis is the percent depreciation per decibel increase in airport noise, or the noise discount. Twenty hedonic property value studies are analyzed, covering 33 estimates of the noise discount for 23 airports in Canada and the United States. About one-third of the estimates have not been previously reported in the literature or were not included in previous meta-analyses. The weighted-mean noise discount is 0.58% per decibel. A meta-regression analysis examines the variability in the noise discounts that might be due to country, year, sample size, model specification, mean property value, data aggregation, or accessibility to airport employment and travel opportunities. The analysis indicates that country and model specification have some effect on the measured noise discount, but the other variables have little systematic effect. The cumulative noise discount in the U.S. is about 0.5% to 0.6% per decibel at noise exposure levels of 75 dB or less, while in Canada the discount is 0.8% to 0.9% per decibel.

Download or read book The effect of aircraft noise on the value of residential property near three selected airports written by and published by . This book was released on 1972 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Spatial Estimation of the Impact of Airport Noise on Residential Housing Prices written by Marco Salvi and published by . This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper applies spatial econometric techniques to measure the impact of airport noise on the price of single-family homes in the Zurich Airport area. A hedonic model is specified with an error component accounting for spatial dependence. The paper takes a differentiated approach on the modelling of aircraft noise. We exploit a large database of geo-referenced noise measurements to investigate the reaction of prices to different noise metrics. The peculiar institutional setting of Zurich Airport, with changing patterns of runways configurations allows to distinguish the impact of noise at different times of the day. The use of neighborhood fixed-effects is compared to the results given by a costlier modelling strategy involving a rich set of GIS-based location descriptors. The paper documents a moderate impact of airport noise on housing prices. In the base model specification the Noise Discount Index is 0.93% with typical discounts in the range of -2% to -8%. Accounting for the spatiality of the data has little effect on the estimated coefficients and their standard errors.