Airport-related noise, proximity, and housing prices in Atlanta
AbstractUsing hedonic models, we analyze the effects of noise and proximity on housing prices in neighborhoods near Hartsfield-Jackson Atlanta International Airport during 1995-2002. We address complications caused by changes over time in the levels and geographic distribution of noise and by the fact that noise levels are measured only at the beginning and after the end of the sample period. Generally speaking, housing prices were affected positively by declining noise levels. After accounting for proximity, house characteristics, and demographic variables, houses in noisier areas sold for less than houses subjected to less noise. Comparing prices in 1995-1999 with 2000-2002, the noise discount is larger during the latter period. Proximity to the airport is related positively to housing prices.
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Bibliographic InfoPaper provided by Federal Reserve Bank of St. Louis in its series Working Papers with number 2005-060.
Date of creation: 2008
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-29 (All new papers)
- NEP-GEO-2005-09-29 (Economic Geography)
- NEP-URE-2005-09-29 (Urban & Real Estate Economics)
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