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Airport noise and residential housing valuation in Southern California: A hedonic pricing approach
Article 3: Volume 1, Number 1, Spring 2004, Pages 17-26 (10) XML PDF (178 K)
Authors
M. Rahmatian; L. Cockerill
Abstract
A large and detailed data set is used to examine the influence of airports and airport light paths on housing prices. The results indicate that individuals consider airport proximity and airport flight patterns in their housing purchases. This shows that there exist two distinct measurable price gradients that distinguish large airports from small airports. In addition, homes located under the flight path of a large airport have a price gradient that is significantly larger than homes located under the flight path of a small airport.
Keywords
Hedonic property value; Housing price evaluation; Noise pollution
Main Subjects
Noise pollution; Hedonic approach; Housing price evaluation
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References
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