Last week I had a conversation with a neighbor about all the airplanes flying over our community. The gentleman stated that he intended to sell his home and move to Florida. He expressed little interest in making phone calls and writing letters to politicians for assistance. I informed him that his ability to sell his home and the price he would receive would be negatively affected by aircraft noise. So many people I talk to don’t seem to understand how the decision by the FAA to direct low flying plane over our community will affect their health and their property values. Take a look at this article.
The Impact of Airport Noise on Residential Real Estate
by Randall Bell, MAI
“As populations and airports expand, airport noise is an increasingly important issue for real estate analysts. In researching real estate damage issues, the topic of airport noise and its impact on property market values are particularly well-documented and well-researched areas. This article puts airport noise into the framework of the Detrimental Conditions (DC) Matrix, outlines the measurement of “noise,” sets forth some of the health effects of airport noise, and addresses the impact that airport noise has on property market values. There are dozens of published studies on the topic, all of which virtually come to the conclusionthat homes under or nearby the flight corridors of national or inter- national airports experience some diminution in property market values.”