Abstract

http://ssrn.com/abstract=1208602
 
 

References (24)



 
 

Citations (1)



 


 



Changing Noise Levels and Housing Prices Near the Atlanta Airport


Jeffrey P. Cohen


University of Connecticut, School of Business and Center for Real Estate

Cletus C. Coughlin


Federal Reserve Bank of St. Louis - Research Division

July 31, 2008

Growth and Change. 2009. 40(2), pp.287-313.

Abstract:     
Using hedonic models, we analyze the effects of proximity and noise on housing prices in neighborhoods near Hartsfield-Jackson Atlanta International Airport during 1995-2002. Proximity to the airport is related positively to housing prices. We address complications caused by changes over time in the levels and geographic distribution of noise and by the fact that noise contours are measured infrequently. A general decline in noise boosted housing prices during 1995-2002. After accounting for proximity, house characteristics, and demographic variables, houses in noisier areas sold for less than houses subjected to less noise. Also, the noise discount is larger during 2000-2002 than 1995-1999.

Number of Pages in PDF File: 38

Keywords: noise, airports, housing prices, hedonic pricing, proximity

JEL Classification: Q53, Q51, R31, L93


Open PDF in Browser Download This Paper

Date posted: August 8, 2008 ; Last revised: August 7, 2016

Suggested Citation

Cohen, Jeffrey P. and Coughlin, Cletus C., Changing Noise Levels and Housing Prices Near the Atlanta Airport (July 31, 2008). Growth and Change. 2009. 40(2), pp.287-313.. Available at SSRN: http://ssrn.com/abstract=1208602 or http://dx.doi.org/10.2139/ssrn.1208602

Contact Information

Jeffrey P. Cohen
University of Connecticut, School of Business and Center for Real Estate ( email )
Storrs, CT 06269-1063
United States
HOME PAGE: http://www.business.uconn.edu/person/jeffrey-cohen/
Cletus C. Coughlin (Contact Author)
Federal Reserve Bank of St. Louis - Research Division ( email )
411 Locust St
Saint Louis, MO 63011
United States
Feedback to SSRN


Paper statistics
Abstract Views: 418
Downloads: 37
References:  24
Citations:  1

© 2016 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollobot1 in 0.234 seconds