Wind Turbines, Amenities and Disamenities: A Study of Home Value Impacts in Densely Populated Massachusetts

Publication Type

Journal Article

Date Published

02/2016

LBNL Report Number

LBNL- 1007124

Abstract

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.

Journal

Journal of Real Estate Research

Volume

38

Year of Publication

2016

Notes

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.

Issue

N o . 4 – 2 0 1 6
473

Pagination

473-504

Organization: 

Research Areas: