United States Department of Transportation
i
The effects of highway noise on residential property values in Louisiana : final report.
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1978-11-30
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[PDF-15.48 MB]
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Alternative Title:The effects of highway noise on residential property values in Louisiana.
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Abstract:The purpose of this study was to ascertain if residential properties subjected to highway noise levels in excess of FHWA Guidelines experienced a diminution in-value. Both signle family homes and apartments in close proximity to Interstate highways, and fronting on major arterial collector roads were compared to similar units in the same vicinity not exposed to the same high noise levels. Properties in cites with populations of approximately 30,000, 350,000 and 1,100,000 were studied. Apartments were compared as to rental rates, percentage of occupancy and move-back requests. Homes were compared as to prices obtained, percentage of value increases and frequency of sales. Results were developed, both unadjusted and adjusted. The results clearly indicate that apartment rentals are, except in one unusual instance, similar, and that the occupancy rates are as high for units with living rooms facing the Interstate highway, as those in the nonimpact zone of the complexes. Also, there is a total lack of requests to move away from the highway. Single family homes show a difference in market value between those abutting the highway and those remote of as much as plus or minus 9%, with the average prices of homes abutting the highway selling for about the same price as those in the more remote part of the same subdivision at the same time. The sales price variances, since they were both higher and lower for homes with high noise levels, are attributed to imperfections in the market.
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