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Do High Voltage Electric Transmission Lines Affect Property Value?

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  • Stanley W. Hamilton
  • Gregory M. Schwann

Abstract

This paper empirically analyzes the impact of high voltage (defined as 69,000 volts or greater) electric transmission lines on the prices of nearby single detached houses. The study demonstrates the importance of using the correct function specification and correcting for (commonly found) heteroscedasticity. We find the electric transmission lines do have an effect on property value, but such effects are restricted to a narrow band and are primarily due to the visual externalities of the transmission towers.

Suggested Citation

  • Stanley W. Hamilton & Gregory M. Schwann, 1995. "Do High Voltage Electric Transmission Lines Affect Property Value?," Land Economics, University of Wisconsin Press, vol. 71(4), pages 436-444.
    • Handle: RePEc:uwp:landec:v:71:y:1995:i:4:p:436-444
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