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The Influence Of Water Quality On The Value Of Recreational Properties Adjacent To St. Albans Bay, Vermont

Author

Listed:
  • Young, C. Edwin
  • Teti, Frank A.

Abstract

Hedonic price functions were estimated to determine the impact of degraded water quality on the value of seasonal homes adjacent to St. Albans Bay on Lake Champlain in northern Vermont. A rating of water quality and a zero-one location variable were used as alternative specifications of water quality. Degraded water quality of the bay had depressed adjacent property values by $4,500 on the average, or about 20 percent, compared with similar nearby properties on the larger but cleaner lake.

Suggested Citation

  • Young, C. Edwin & Teti, Frank A., 1984. "The Influence Of Water Quality On The Value Of Recreational Properties Adjacent To St. Albans Bay, Vermont," Staff Reports 276791, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:276791
    DOI: 10.22004/ag.econ.276791
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    Cited by:

    1. repec:rre:publsh:v:36:y:2006:i:2:p:221-38 is not listed on IDEAS
    2. P. Joan Poor & Kevin J. Boyle & Laura O. Taylor & Roy Bouchard, 2001. "Objective versus Subjective Measures of Water Clarity in Hedonic Property Value Models," Land Economics, University of Wisconsin Press, vol. 77(4), pages 482-493.
    3. Sarah Nicholls & John Crompton, 2018. "A Comprehensive Review of the Evidence of the Impact of Surface Water Quality on Property Values," Sustainability, MDPI, vol. 10(2), pages 1-30, February.
    4. Libby, Lawrence W., 1985. "Who Should Pay for Nonpoint Pollution Abatement?," Staff Paper Series 200892, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    5. Russell Kashian, 2006. "Lake Drawdown: A Debate on the Value of 2 Inches of Water," Working Papers 06-02, UW-Whitewater, Department of Economics.
    6. Cho, Seong-Hoon & Bowker, James Michael & Park, William M., 2006. "Measuring the Contribution of Water and Green Space Amenities to Housing Values: An Application and Comparison of Spatially Weighted Hedonic Models," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 31(3), pages 1-23, December.
    7. Ribaudo, Marc O. & Hellerstein, Daniel, 1992. "Estimating Water Quality Benefits: Theoretical and Methodological Issues," Technical Bulletins 157031, United States Department of Agriculture, Economic Research Service.
    8. Bouvier, Rachel A. & Halstead, John M. & Conway, Karen S. & Manalo, Alberto B., 2000. "The Effects of Landfills on Rural Residential Property Values: Some Empirical Evidence," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 30(2), pages 1-15.
    9. Lori Dickes & Elizabeth Crouch, 2015. "The Impact of Changing Lake Levels on Property Values: A Hedonic Model of Lake Thurmond," The Review of Regional Studies, Southern Regional Science Association, vol. 45(3), pages 221-235, Winter.

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