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Wind Farm Announcements and Rural Home Prices: Maxwell Ranch and Rural Northern Colorado

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  • Steven Laposa
  • Andrew Mueller

Abstract

This study examines the announcement affect of a proposed wind farm development on an 11,000-acre ranch in Northern Colorado on surrounding rural housing prices. This study analyzes 2,910 single-family home transactions in two rural census tracts adjacent to the proposed wind farm prior to, and after the wind farm announcement. The results account for the timing of the announcement in March 2007, which coincided with the beginning of national and regional housing price declines, and still shows insignificant and minimal impacts to surrounding home values and sales, adjusted for the economic recession, after the announcement.

Suggested Citation

  • Steven Laposa & Andrew Mueller, 2010. "Wind Farm Announcements and Rural Home Prices: Maxwell Ranch and Rural Northern Colorado," Journal of Sustainable Real Estate, Taylor & Francis Journals, vol. 2(1), pages 383-402, January.
    • Handle: RePEc:taf:rsrexx:v:2:y:2010:i:1:p:383-402
    DOI: 10.1080/10835547.2010.12091798
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