The Impact of Hazardous Waste Sites on Housing Prices: A county Level Study
Uchenna N. Akpom, Young D. Nwoye
Abstract
The effects of hazardous waste on health have long been a topic of study in both the health and economics fields. A number of studies have also looked at the effect of hazardous waste sites on housing values. These studies utilize individual housing units, in specific geographic areas for their analysis. This study studies the effect of hazardous waste sites on the median housing values using a county level approach. It is shown that the location of hazardous waste site in a county affects the median value of residential houses in the county, and that the number of sites in a county is more important than the mere location.
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