IDEAS home Printed from https://ideas.repec.org/a/uwp/landec/v92y2016i1p131-147.html
   My bibliography  Save this article

The Cost of Convenience: Estimating the Impact of Communication Antennas on Residential Property Values

Author

Listed:
  • Stephen L. Locke
  • Glenn C. Blomquist

Abstract

This paper applies hedonic and quasiexperimental methods to measure the disamenity value of communication antennas. We take advantage of a rich dataset of residential housing sales from central Kentucky that contains an extensive set of structural housing characteristics and precise location information. This allows us to overcome endogeneity issues caused by unobservable characteristics correlated with antenna location. The best estimate of the impact is that a property with a visible antenna located 1,000 feet away sells for 1.82% ($3,342) less than a similar property located 4,500 feet away. The aggregate impact is $10.0 million for properties located within 1,000 feet.

Suggested Citation

  • Stephen L. Locke & Glenn C. Blomquist, 2016. "The Cost of Convenience: Estimating the Impact of Communication Antennas on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 92(1), pages 131-147.
  • Handle: RePEc:uwp:landec:v:92:y:2016:i:1:p:131-147
    Note: DOI: 10.3368/le.92.1.131
    as

    Download full text from publisher

    File URL: http://le.uwpress.org/cgi/reprint/92/1/131
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    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. Melstrom, Richard T. & Lee, Kangil & Byl, Jacob P., 2018. "Do Regulations to Protect Endangered Species on Private Lands Affect Local Employment? Evidence from the Listing of the Lesser Prairie Chicken," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(3), September.
    2. Rozowski, Casey & Vukina, Tomislav, . "Production Quotas, Competition and Farm Values: A Chronicle of the Swine Industry in North Carolina," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 49(2).
    3. Melstrom, Richard T. & Lee, Kangil & Byl, Jacob P., 2016. "The effect of endangered species regulations on local employment: Evidence from the listing of the lesser prairie chicken," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236254, Agricultural and Applied Economics Association.
    4. Ermanno Affuso & J. Reid Cummings & Huubinh Le, 2018. "Wireless Towers and Home Values: An Alternative Valuation Approach Using a Spatial Econometric Analysis," The Journal of Real Estate Finance and Economics, Springer, vol. 56(4), pages 653-676, May.
    5. Elad Demalach & David Genesove & Asaf Zussman & Noam Zussman, 2016. "The Effect of Proximity to Cellular Sites on Housing Prices in Israel," Bank of Israel Working Papers 2016.14, Bank of Israel.

    More about this item

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

    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:uwp:landec:v:92:y:2016:i:1:p:131-147. 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: the person in charge (email available below). General contact details of provider: http://le.uwpress.org/ .

    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.