Abstract
All available hedonic pricing estimates of the impact of landfills on nearby property values are assembled, including original estimates for three landfills in Pennsylvania. A meta-analysis shows landfills that accept high volumes of waste (500 tons per day or more) decrease adjacent residential property values by 13.7%, on average. This impact diminishes with distance at a gradient of 5.9% per mile. Lower-volume landfills decrease adjacent property values by 2.7%, on average, with a gradient of 1.3% per mile. While essentially all high-volume landfills negatively impact nearby property values, 20%-26% of lowvolume landfills do not impact nearby property values.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 321-339 |
| Number of pages | 19 |
| Journal | Journal of Real Estate Research |
| Volume | 32 |
| Issue number | 3 |
| State | Published - 2010 |
All Science Journal Classification (ASJC) codes
- Economics, Econometrics and Finance (miscellaneous)