Groundwater Contamination and Housing Prices: Evidence from a Jacksonville, MD Site
22 Pages Posted: 13 Aug 2019
Date Written: June 30, 2019
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: Suggested Citation