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The impact of hazardous waste Superfund sites on the value of houses sold in New Jersey

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Abstract

Changes in the sales prices of houses in 77 communities in New Jersey with hazardous waste Superfund sites were compared to sales prices in communities without Superfund sites. We observed a statistically significant tendency for sales prices in Superfund communities that were rural or were in regions undergoing rapid price increases to increase less than sales prices in non-Superfund townships. The hazard rating of the site did not appear to influence sales price. Factors that could make the results unique to New Jersey and alternative explanations of the results, including the scale of the study, are discussed.

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Authors and Affiliations

  1. Department of Urban Studies and Community Health, Faculty of Planning, Rutgers University, Lucy Stone Hall, 08903, New Brunswick, NJ, USA

    M. Greenberg & J. Hughes

Authors
  1. M. Greenberg
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  2. J. Hughes
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Greenberg, M., Hughes, J. The impact of hazardous waste Superfund sites on the value of houses sold in New Jersey. Ann Reg Sci 26, 147–153 (1992). https://doi.org/10.1007/BF02116366

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  • DOI: https://doi.org/10.1007/BF02116366

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