Applying the Case Study Method to Measure Possible Impact of Proximity to Fracking Transmission Line Facilities on Home Prices

There have been many studies analyzing the effect of environmental concerns related to fracking on home prices. There have also been many studies of the generalized effect of proximity to oil and gas pipelines on nearby home prices and studies of the effect of pipeline spills on home prices and valu...

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Bibliographic Details
Published in:The Appraisal journal 2023-01, Vol.91 (1), p.28-59
Main Authors: Roddewig, Richard J, Samuels, Michael J, Baxendale, Anne S, De Marinis, Joseph R
Format: Article
Language:English
Subjects:
Case studies
Chemical spills
Contamination
Data analysis
Dehydration (Physiology)
Explosions
Gas transmission industry
Housing prices
Hydraulic fracturing
Methods
Natural gas
Neighborhoods
Oil wells
Petroleum refineries
Prices and rates
Public hearings
Real estate appraisers
Roads & highways
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Summary:There have been many studies analyzing the effect of environmental concerns related to fracking on home prices. There have also been many studies of the generalized effect of proximity to oil and gas pipelines on nearby home prices and studies of the effect of pipeline spills on home prices and values. Residential appraisers have an obligation to consider and analyze any neighborhood environmental issues that may affect prices and values. This study looks at home prices in proximity to compressor stations and dehydration facilities related to pipelines that transmit fracked oil and gas to refineries. These facilities generate noise and can experience failures that raise environmental concerns different from the marketplace concerns associated generally with oil and gas transmission pipelines. This article applies the case study method and paired data analysis-two generally recognized methods for analyzing a detrimental condition-to analyze the effect on home prices, if any, of fracking-related facilities. Three of the case studies involve analysis of sales before and after a date when environmental incidents occurred.
ISSN:0003-7087