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Do Landfills Always Depress Nearby Property Values?

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  • Richard C. Ready

    (Pennsylvania State University)

Abstract

All available hedonic pricing estimates of the impact of landfills on nearby property values are assembled, including original estimates for three landfills in Pennsylvania. A meta-analysis shows landfills that accept high volumes of waste (500 tons per day or more) decrease adjacent residential property values by 13.7%, on average. This impact diminishes with distance at a gradient of 5.9% per mile. Lower-volume landfills decrease adjacent property values by 2.7%, on average, with a gradient of 1.3% per mile. While essentially all high-volume landfills negatively impact nearby property values, 20-26% of low-volume landfills do not impact nearby property values.

Suggested Citation

  • Richard C. Ready, 2010. "Do Landfills Always Depress Nearby Property Values?," Journal of Real Estate Research, American Real Estate Society, vol. 32(3), pages 321-340.
    • Handle: RePEc:jre:issued:v:32:n:3:2010:p:321-340
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    References listed on IDEAS

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    2. Zhang, Zhaohua & Hite, Diane, 2016. "Residential Location Impacts of Environmental Disamenity: The Case of Gravel Pit Operation and Landfills," 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas 229739, Southern Agricultural Economics Association.
    3. Mario du Preez & Mehmet Balcilar & Aarifah Razak & Steven F. Koch & Rangan Gupta, 2014. "House Values and Proximity to a Landfill: A Quantile Regression Framework," Working Papers 201442, University of Pretoria, Department of Economics.
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    7. Marvin Schütt, 2021. "Systematic Variation in Waste Site Effects on Residential Property Values: A Meta-Regression Analysis and Benefit Transfer," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(3), pages 381-416, March.
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    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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