Record Details

Silence is Golden: Railroad Noise Pollution and Property Values

The Review of Regional Studies

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Field Value
 
Title Silence is Golden: Railroad Noise Pollution and Property Values
 
Creator Walker, Jay K
 
Subject property value, railway noise pollution, externalities
D6, D62, R32
 
Description This paper uses a unique dataset containing property values and manually collected noise measurements in Memphis, Tennessee to estimate the impact of train noise pollution on commercial and residential property values. Results show that a residential property exposed to 65 decibels or greater of railroad noise results in a 14 to 18 percent decrease in property value. Once a 65 decibel measure is included, there is no additional impact on price of distance to the closest railroad crossing. For commercial property, neither crossing proximity nor noise level significantly affect property value. The results provide evidence of a negative externality that is created by railroad noise for households and the need for more exact measures of noise levels. The findings are also consistent with previous literature suggesting firms have different ideas than individuals about desirable locational attributes.
 
Publisher Southern Regional Science Association
 
Contributor Intermodal Freight Transportation Institute
Sparks Bureau of Business and Economic Research
 
Date 2016-03-09
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://journal.srsa.org/ojs/index.php/RRS/article/view/46.1.7
 
Source The Review of Regional Studies; Vol 46, No 1 (2016); 75-89
0048-749X
1553-0892
 
Language eng
 
Relation http://journal.srsa.org/ojs/index.php/RRS/article/view/46.1.7/pdf
 
Rights Copyright (c) 2016 CC: BY NC ND
http://creativecommons.org/licenses/by-nc-nd/4.0