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

19 Pages Posted: 21 Sep 2010  

Eric Fruits

Economics International Corp.; Portland State University

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)

Economics International Corp. ( email )

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

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

Portland State University ( email )

United States

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

Paper statistics

Downloads
192
Rank
126,157
Abstract Views
1,085