@article{Nakakeeto:252857,
      recid = {252857},
      author = {Nakakeeto, Gertrude and Pope, Jaren and Shaikh, Rahman and  Asare, Eric},
      title = {The impact of Highway Noise Barriers on the Housing prices  of Neighborhoods},
      address = {2017},
      number = {1377-2016-109894},
      year = {2017},
      abstract = {Recent empirical studies have investigated the impact of  noise barriers on housing prices of adjacent homes. Their  results have conflicting evidence. One important  observation is that the existing literature examines the  impact of berm barriers. Missing in this literature is the  impact of barriers made out of other materials. This paper  investigates the impact of Noise Barrier Walls (made out of  other materials) on the market value of adjacent  residential homes. We use a data set containing 141 noise  barriers built in 12 counties of Washington State, U.S.A.  The data on the location of noise barrier walls is obtained  from Washington State Department of Transportation (WSDOT),  Environmental Service Office (ESO) -Environmental  Information Program. Two models are employed, the hedonic  price model and a mofied hedonic model in a quasi-random  experiment. The modified Hedonic price method results are  very impressive: On average, Noise Barrier walls increase  prices of residential homes within 300m by 15.24% . This  impact decreases as the distance from the noise barriers  increases. We estimate an increase in housing prices of  6.96 % more for houses between 300m and 600m away from the  noise barrier.},
      url = {http://ageconsearch.umn.edu/record/252857},
      doi = {https://doi.org/10.22004/ag.econ.252857},
}