Property value impacts from transmission lines, subtransmission lines, and substations

Prior research on the value impact of proximity to transmission lines has relied on relatively limited sample sizes, property characteristics, and types of lines. This study extends the previous research by analyzing almost all single- family home sales over a fourteen-year period for Salt Lake Coun...

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Bibliographic Details
Published inThe Appraisal journal Vol. 84; no. 3; p. 205
Main Authors Tatos, Ted, Glick, Mark, Lunt, Troy A
Format Journal Article
LanguageEnglish
Published Chicago The Appraisal Institute 22.06.2016
Appraisal Institute
Subjects
Analysis
Earthquakes
Electric power lines
Electric substations
Electric utilities
Electricity distribution
Location
Macroeconomics
Neighborhoods
Power lines
Power plants
Property values
Real estate sales
Real property
Residential real estate
Roads & highways
Studies
Valuation
Variables
Utah
United States > US
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Summary:Prior research on the value impact of proximity to transmission lines has relied on relatively limited sample sizes, property characteristics, and types of lines. This study extends the previous research by analyzing almost all single- family home sales over a fourteen-year period for Salt Lake County, Utah, using over 125,000 transactions and approximately 450 home characteristics to examine the effects of various types of transmission lines and of substations. This large sample analysis permits estimation of the countywide aggregate effects of these factors on property values. The results find some negative effects that differ by type of transmission line, and as in previous research, the effects diminish with distance. As with some previous research, the results also show some evidence of modest positive effects associated with proximity to large transmission lines, which may be related to greenways constructed beneath such lines. Ongoing research to improve the reliability of the study results will include consideration of property rights associated with the transmission corridors and impact on home values of fronting road types.
ISSN:0003-7087