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Modeling The Effects Of Refinery Emissions On Residential Property Values

Author

Listed:
  • Robert A. Simons

    (Cleveland State University)

  • Youngme Seo

    (Univ.of. Arkansas-LR)

  • Paul Rosenfeld

    (SWAPE, LA, CA)

Abstract

This research studied the effects of refinery air pollution on house prices near Houston, Texas. The affected area was identified through AERMOD air modeling of past releases of sulfur dioxide, a proxy for respiratory risk. A total of 3,964 residential MLS sales from 2006-2011 were used to populate an OLS model, a spatial model, and a spatial model with an additional endogenous variable. Findings indicate that air pollution has a significant negative 6-8% loss on house prices. For one year, the negative effect is shown to generally diminish with distance up to about two miles from the refinery.

Suggested Citation

  • Robert A. Simons & Youngme Seo & Paul Rosenfeld, 2015. "Modeling The Effects Of Refinery Emissions On Residential Property Values," Journal of Real Estate Research, American Real Estate Society, vol. 37(3), pages 321-342.
    • Handle: RePEc:jre:issued:v:37:n:3:2015:p:321-342
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    Citations

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    Cited by:

    1. Youngme Seo, 2020. "Varying Effects of Urban Tree Canopies on Residential Property Values across Neighborhoods," Sustainability, MDPI, vol. 12(10), pages 1-19, May.
    2. Jie Chen & Haiyong Zhang & Qian Zhou, 2021. "Rule by Law, Law-Based Governance, and Housing Prices: The Case of China," Land, MDPI, vol. 10(6), pages 1-22, June.
    3. Qinna Zhao & Robert A. Simons & Zhong Fen, 2016. "The Effect of Three Incineration Plants on Residential Property Values in Hangzhou, China," International Real Estate Review, Global Social Science Institute, vol. 19(4), pages 515-546.
    4. Kinnon, Michael Mac & Zhu, Shupeng & Carreras-Sospedra, Marc & Soukup, James V. & Dabdub, Donald & Samuelsen, G.S. & Brouwer, Jacob, 2019. "Considering future regional air quality impacts of the transportation sector," Energy Policy, Elsevier, vol. 124(C), pages 63-80.
    5. Talat Munshi, 2020. "Accessibility, Infrastructure Provision and Residential Land Value: Modelling the Relation Using Geographic Weighted Regression in the City of Rajkot, India," Sustainability, MDPI, vol. 12(20), pages 1-16, October.

    More about this item

    JEL classification:

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

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