are neighborhoods that lie directly under airport approach flight paths significantly lower in property value?

Question

is there any evidence to show that living directly under the flight path of airplanes as they approach airport runways is significantly cheaper than living elsewhere? (because of the noise, etc)

Answer 1

I know that the homes built near the local airport where I live have not experienced a decrease in value. They are just as popular as ever. Even more so because the airport paid to have all new windows and central air/heating put into the homes that fall within a certain radius of the runways. Check into your local airport and see if this is part of their policy as well. IT also helps that the homes behind the airport are relatively newer (Built in the late 70's) and in a great family neighborhood.

Answer 2

While I've seen no papers on the topic, it's common sense to say the answer is yes.

All other things being equal, the vast majority of people prefer not to live under a flight path, and thus in order to be incentivized to locate there, will have to be faced with a lower price.

So, given two neighborhoods which are alike in every way except that one has an approach path above, property values are lower where the noise is more bothersome. In other words, even if you're property is on a beautiful ocean plot, that flight path is depressing your property value---because it would be higher if it weren't there---even if it's still the most expensive place in town.

Answer 3

Every community/city would be different if it is significant or not. I doubt that if the house was on the water with access to the ocean would have less of an impact than one in which the neighborhood has been run down. What has your real estate agent told you that works in your area?

Answer 4

I've heard that too, but have not found that to be so because when there is inclement weather they choose a different flight pattern. I did do a study though on noise when I was in college and there was (so they said) proof that children who were exposed to higher levels of noise were slower learners.

Answer 5

London is truly noisy to boot. I stay truly on the fringe of, yet now no longer suitable next to Stansted, and that is meant that i do not sense a rumbling, imagine of "what's that", and then recognize it truly is largely yet another 'airplane (about each and each hour or 2). I assume those who stay lower than 10 miles away will be a lot more suitable pleasantly chuffed on the noise relief. so it truly is type of of an obvious question fairly. psMy father used to stay suitable next to the take off runway at Heathrow, and the noise and vibration grew to grow to be into large (one 'airplane each and each minute)!

Answer 6

Yes

Answer 7

yeah
it seems true