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Changing Noise Levels and Housing Prices Near the Atlanta Airport


Jeffrey P. Cohen


University of Hartford - Barney School of Business

Cletus C. Coughlin


Federal Reserve Bank of St. Louis - Research Division

July 31, 2008

FRB of St. Louis Working Paper No. 2005-060D

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

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Date posted: August 8, 2008  

Suggested Citation

Cohen, Jeffrey P. and Coughlin, Cletus C., Changing Noise Levels and Housing Prices Near the Atlanta Airport (July 31, 2008). FRB of St. Louis Working Paper No. 2005-060D. Available at SSRN: http://ssrn.com/abstract=1208602 or http://dx.doi.org/10.2139/ssrn.1208602

Contact Information

Jeffrey P. Cohen
University of Hartford - Barney School of Business ( email )
200 Bloomfield Ave
West Hartford, CT 06117
United States
860-768-4834 (Phone)
860-768-4911 (Fax)
Cletus C. Coughlin (Contact Author)
Federal Reserve Bank of St. Louis - Research Division ( email )
411 Locust St
Saint Louis, MO 63011
United States
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