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High Voltage Power Lines: Do They Affect Residential Property Value?

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Abstract

A survey administered in 1990 suggests that proximity to high voltage power lines is being capitalized into lower values for residential properties. Respondents who had appraised such property report that power lines can affect residential property value to varying degrees under certain circumstances and that the market value of these properties is, on average, 10.01% lower than the market value for comparable properties not subject to the influence of high voltage power lines. Further, the results indicate that even appraisers who had not appraised such property believe that power lines contribute negatively to property value.

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  • Charles J. Delaney & Douglas Timmons, 1992. "High Voltage Power Lines: Do They Affect Residential Property Value?," Journal of Real Estate Research, American Real Estate Society, vol. 7(3), pages 315-330.
    • Handle: RePEc:jre:issued:v:7:n:3:1992:p:3215-330
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    Cited by:

    1. Lockett, Andy & Wright, Mike, 2001. "The syndication of venture capital investments," Omega, Elsevier, vol. 29(5), pages 375-390, October.
    2. Giaccaria Sergio & Frontuto Vito & Dalmazzone Silvana, 2010. "Who’s afraid of power lines? Merging survey and GIS data to account for spatial heterogeneity," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201002, University of Turin.
    3. Robert A. Simons & William Bowen & Arthur Sementell, 1997. "The Effect of Underground Storage Tanks on Residential Property Values in Cuyahoga County, Ohio," Journal of Real Estate Research, American Real Estate Society, vol. 14(1), pages 29-42.
    4. R. Sirpal, 1994. "Empirical Modeling of the Relative Impacts of Various Sizes of Shopping Centers on the Values of Surrounding Residential Properties," Journal of Real Estate Research, American Real Estate Society, vol. 9(4), pages 487-506.
    5. Sally Sims & Peter Dent, 2005. "High-voltage Overhead Power Lines and Property Values: A Residential Study in the UK," Urban Studies, Urban Studies Journal Limited, vol. 42(4), pages 665-694, April.
    6. Fischlein, Miriam & Wilson, Elizabeth J. & Peterson, Tarla R. & Stephens, Jennie C., 2013. "States of transmission: Moving towards large-scale wind power," Energy Policy, Elsevier, vol. 56(C), pages 101-113.
    7. Francois Des Rosiers, 2002. "Power Lines, Visual Encumbrance and House Values: A Microspatial Approach to Impact Measurement," Journal of Real Estate Research, American Real Estate Society, vol. 23(3), pages 275-302.
    8. Charles Thomas & Gerd Welke, 2017. "The Effect of HVTLs on Property Values: An Event Study," International Real Estate Review, Global Social Science Institute, vol. 20(2), pages 167-187.
    9. Stephen Gibbons & Cheng Keat Tang, 2023. "Are friends electric? Valuing the social costs of power lines using house prices," CEP Discussion Papers dp1942, Centre for Economic Performance, LSE.
    10. Tang, Cheng Keat & Gibbons, Steve, 2023. "Are friends electric? Valuing the social costs of power lines using house prices," LSE Research Online Documents on Economics 121288, London School of Economics and Political Science, LSE Library.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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