Environmental Valuation & Cost-Benefit News
The Effect of Distance to Cell Phone Towers on House Prices in Florida
11/29/07
11:12:29 am, by damageva 
, 188 words, 247 views 
Categories: General, Contaminated Properties, Real Estate Construction Housing, Academic Study/Journal Article, Florida, Hedonic Analysis
The Effect of Distance to Cell Phone Towers on House Prices in Florida
Abstract: This article outlines the results of a study carried out in Florida in 2004 regarding the effect that cell phone tower proximity has on residential property prices. The study involved an analysis of residential property sales transaction data. Both GIS and multiple regression analysis in a hedonic framework were used to determine the effect of linear distance of homes to towers on residential property prices. The results of the research show that prices of properties decreased by just over 2%, on average, after a tower was built. This effect generally diminished with distance from the tower and was almost negligible after about 656 feet.
by Sandy Bond; PhD, MBS, DipBusAdmin, SPINZ, is a senior member of the Property Institute of New Zealand (PINZ) and a past president of the Pacific Rim Real Estate Society (PRRES). She was awarded the PRRES Achievement Award in 2002 and the New Zealand Institute of Valuers' Presidential Citation in 1997, currently a senior lecturer at Curtin University of Technology; email: dr_sandybond@yahoo.com
The Appraisal Journal via the Appraisal Institute www.AppraisalInstitute.org
Volume 75, Issue 4; Fall, 2007; pages 362-371
http://www.appraisalinstitute.org/publications/periodicals/taj/default.asp
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