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A hedonic model for property values in proximity of hydraulic fracturing wells

by Sackman, Henry

Abstract

This paper investigates the potential impact nearby unconventional gas wells may have on the value of single-family homes within Bradford County, Pennsylvania. A hedonic pricing model is utilized to determine if nearby unconventional shale wells impacted the prices of these properties from 2013 through 2014. Both OLS and single-log regression models were run using the number of active unconventional wells within five and ten kilometers as the exogenous variables of interest in addition to the characteristics of the properties. Prices of homes that had unconventional wells within ten kilometers did not seem to be affected, but when the distance was reduced to five kilometers, the value of properties declined by over four thousand dollars.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Includes bibliographical references.

Colorado College Honor Code upheld.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College
PID
coccc:9532
Digital Origin
born digital
Extent
39 pages : illustrations (some color), color map