Airport Noise and Residential Housing Valuation in Souther California: A Hedonic Pricing Approach
Journal Title: International Journal of Environmental Science and Technology - Year 2004, Vol 1, Issue 1
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.
Authors and Affiliations
M. Rahmatian, L. Cockerill
Keywords
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