Groundwater Contamination and Housing Prices: Evidence from a Jacksonville, MD Site

22 Pages Posted: 13 Aug 2019

See all articles by Rebel A. Cole

Rebel A. Cole

Florida Atlantic University

Richard Roddewig

Clarion Associates, Inc

Charlie Brigden

Jones Lang LaSalle

Date Written: June 30, 2019

Abstract

In this study, we examine the valuation impact of groundwater contamination from a gasoline storage site on the prices of nearby residential houses. Using both hedonic regression and traditional appraisal techniques, we estimate the average diminution in value to houses located in the vicinity of the contamination site.

Keywords: groundwater contamination, hedonic regression, pollution, property values

JEL Classification: G14, R31

Suggested Citation

Cole, Rebel A. and Roddewig, Richard and Brigden, Charlie, Groundwater Contamination and Housing Prices: Evidence from a Jacksonville, MD Site (June 30, 2019). Available at SSRN: https://ssrn.com/abstract=3436351

Rebel A. Cole (Contact Author)

Florida Atlantic University ( email )

College of Business
777 Glades Road
Boca Raton, FL 33431
United States
1-561-297-4969 (Phone)

HOME PAGE: http://rebelcole.com

Richard Roddewig

Clarion Associates, Inc ( email )

Chicago, IL
United States

Charlie Brigden

Jones Lang LaSalle ( email )

200 East Randolph Street, 47th Floor
Chicago, IL 60601
United States

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