The Impact of the Presence of a Natural Gas Pipeline on Residential Property Values

19 Pages Posted: 21 Sep 2010

See all articles by Eric Fruits

Eric Fruits

International Center for Law & Economics (ICLE); Portland State University; Economics International Corp.

Date Written: November 4, 2008

Abstract

A recent LNG terminal building boom has, in turn, produced a natural gas pipeline building boom. Some property owners have expressed concern that a pipeline would reduce the values of nearby properties. This study uses the hedonic housing price approach to estimate the impacts of pipeline. The study finds that proximity to a natural gas pipeline has no statistically or economically significant impact on residential property values. These results are consistent with previous published research and suggest that the positive amenity potential associated with pipeline proximity exceed and perceived costs associated with potential safety or environmental risks.

Keywords: pipeline, residential, property value, hedonic, regression

Suggested Citation

Fruits, Eric, The Impact of the Presence of a Natural Gas Pipeline on Residential Property Values (November 4, 2008). Available at SSRN: https://ssrn.com/abstract=1518065 or http://dx.doi.org/10.2139/ssrn.1518065

Eric Fruits (Contact Author)

International Center for Law & Economics (ICLE) ( email )

2117 NE Oregon St.
Suite 501
Portland, OR 97232
United States

HOME PAGE: http://laweconcenter.org/

Portland State University ( email )

United States

HOME PAGE: http://web.pdx.edu/~fruits/

Economics International Corp. ( email )

4318 NE Royal Court
Portland, OR 97213
United States
503-928-6635 (Phone)

HOME PAGE: http://www.econinternational.com/

Register to save articles to
your library

Register

Paper statistics

Downloads
238
rank
120,949
Abstract Views
1,485
PlumX Metrics