Indicators of the Effect of Jet Noise on the Value of Real Estate.
Expert InsightsPublished 1969
An analysis of the effect of jet noise on residential property value as indicated by (1) market value changes--determined through a comparison of the mean annual variations, during 1955-1967, in sale prices of single-family residences near Los Angeles International Airport with noise exposures up to 105 PNdB; (2) cost of insulating structures against jet noise; (3) cost of avigation (flyover) easements; and (4) damages sought in airport noise litigation. The first three indicators are related to a hypothetical 1,200 sq ft, seven-room, $24,000 stucco house exposed to 100 PNdB. The findings were that, for the hypothetical house, (1) property value changes are not significantly related to jet noise exposure; (2) insulation would cost about $3,800; and (3) the avigation easement would cost about $3,400. Litigation damages sought average about $31,000 per home. 37 pp. Ref.
Document Details
- Copyright: RAND Corporation
- Availability: Web Only
- Year: 1969
- Pages: 37
- Document Number: P-4117
Citation
RAND Style Manual
Chicago Manual of Style
This publication is part of the RAND paper series. The paper series was a product of RAND from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.