This study investigates the effect of planned or operating wind turbines on urban home values. Previous studies, which largely produced non-significant findings, focused on rural settings. We analyzed more than 122,000 home sales, between 1998 and 2012, that occurred near 41 turbines in densely populated Massachusetts communities. Although we found the effects from various negative features (such as electricity transmission lines) and positive features (such as open space) generally accorded with previous studies, we found no net effects due to turbines in the sample's communities. We also found no unique impact on the rate of home sales near wind turbines.
BT - Journal of Real Estate Research C2 - LBNL- 1007124 DA - 02/2016 IS - N o . 4 – 2 0 1 6 N1 -This article has been published in the Journal of Real Estate Research and is reprinted here with their permission.
This article was based on research from an LBNL report entitled "Relationship between Wind Turbines and Residential Property Values in Massachusetts" To see the full report, click here.
N2 -This study investigates the effect of planned or operating wind turbines on urban home values. Previous studies, which largely produced non-significant findings, focused on rural settings. We analyzed more than 122,000 home sales, between 1998 and 2012, that occurred near 41 turbines in densely populated Massachusetts communities. Although we found the effects from various negative features (such as electricity transmission lines) and positive features (such as open space) generally accorded with previous studies, we found no net effects due to turbines in the sample's communities. We also found no unique impact on the rate of home sales near wind turbines.
PB - American Real Estate Society PY - 2016 SP - 473 EP - 504 T2 - Journal of Real Estate Research TI - Wind Turbines, Amenities and Disamenities: A Study of Home Value Impacts in Densely Populated Massachusetts UR - http://pages.jh.edu/jrer/papers/abstract/forth/av38n04/vol38n04_01.html VL - 38 ER -