The Impact of Wildfires and Wildfire-Induced Air Pollution on House Prices in the United States

Zeying Huang and Mark Skidmore


We investigate the direct impact of wildfires on house prices as well as the indirect impact of wildfires through fine particulate matter (PM2.5) in the United States. We find that wildfires, particularly those occurring at a distance, have a statistically significant detrimental impact on house prices via PM2.5. We observe notable price discrepancies between houses situated upwind and downwind of wildfires. Areas with longer periods of wildfire absence and greater distances from the nearest wildfire correspond to higher property prices. Households value locations with ample greenery while remaining cognizant of wildfire risks.

View Full Text

This article requires a subscription to view the full text. If you have a subscription you may use the login form below to view the article. Access to this article can also be purchased.

Purchase access

You may purchase access to this article. This will require you to create an account if you don't already have one.