RT Journal Article
SR Electronic
T1 Environmental Externalities and Residential Property Values: Externalized Costs along the House Price Distribution
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 241
OP 250
DO 10.3368/le.88.2.241
VO 88
IS 2
A1 Kuethe, Todd H.
A1 Keeney, Roman
YR 2012
UL http://le.uwpress.org/content/88/2/241.abstract
AB This study examines the impacts of animal agricultural facilities on the value of residential housing. Through a quantile regression framework we are able to show that the estimated price impacts are not uniform across the distribution of housing prices, and a statistically significant relationship exists only for houses at or above median price levels. These estimated price impacts also increase as the percentile increases. For comparison, the model also includes the proximity to three other waste facility types: industrial, solid, and septic. Our dataset features 14,785 single-family residential transactions in Tippecanoe County, Indiana, over the period 1993–2006. (JEL Q51)