IDEAS home Printed from https://ideas.repec.org/a/taf/rjerxx/v40y2018i1p121-154.html
   My bibliography  Save this article

The Pricing of Power Lines: A Geospatial Approach to Measuring Residential Property Values

Author

Listed:
  • David Wyman
  • Chris Mothorpe

Abstract

The valuation of power lines is a complex phenomenon. Using a sample of 5,455 vacant lots sold in Pickens County, South Carolina, we uncover substantive pricing discounts of 44.9% for properties adjacent to power lines, and a pricing discount of 17.9% for non-adjacent vacant properties up to 1,000 feet away from the power lines. Applying four different geospatial approaches—buffer zones, straight line distance, viewshed analysis, and tower visibility—we find that high-voltage transmission line (HVTL) pricing models should account for both proximity and visibility to reflect location-specific variations in pricing.

Suggested Citation

  • David Wyman & Chris Mothorpe, 2018. "The Pricing of Power Lines: A Geospatial Approach to Measuring Residential Property Values," Journal of Real Estate Research, Taylor & Francis Journals, vol. 40(1), pages 121-154, January.
    • Handle: RePEc:taf:rjerxx:v:40:y:2018:i:1:p:121-154
    DOI: 10.1080/10835547.2018.12091490
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10835547.2018.12091490
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10835547.2018.12091490?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Harleman, Max, 2024. "Who bears the cost of renewable power transmission lines? Evidence from housing values," Energy Policy, Elsevier, vol. 191(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rjerxx:v:40:y:2018:i:1:p:121-154. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rjer20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.