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Do Landfills Always Depress Nearby Property Values?

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  • Richard Ready

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 Ready, 2010. "Do Landfills Always Depress Nearby Property Values?," Journal of Real Estate Research, Taylor & Francis Journals, vol. 32(3), pages 321-340, January.
    • Handle: RePEc:taf:rjerxx:v:32:y:2010:i:3:p:321-340
    DOI: 10.1080/10835547.2010.12091279
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