Noise and Property Values

  • December 21, 1979
  • • Written by: Max J. Derbes, Jr., CRE George H. Kramer II 

Winter 1979, Vol 4, No 2

Abstract: This excerpt from a Louisiana Highway Research Project monograph determines the effect of highway noise on adjacent residential properties (both rental and private units) and provides a set of procedures for a fair and accurate measure of the results of noise on property value. The conclusions reached are that neither apartment units nor single-family residential units suffer due to noise, a price diminuation as measured by sales comparisons and resale price increases, nor do they sell or change hands any more frequently than comparable units.