The Impact of Cell Phone Towers on House Prices in Residential Neighborhoods

摘要

This article examines whether proximity to cellular phone towers has an Impact on residential property values and the extent of any impact. First, a survey approach Is used to examine how residents perceive living near cellular phone base stations (CPBSs) and how residents evaluate the Impacts of CPBSs. Next, a market study attempts to confirm the perceived value Impacts reported In the survey by analyzing actual property sales data. A multiple regression analysis In a hedonlc pricing framework Is used to measure the price Impact of proximity to CPBSs. Both the survey and market sales analysis find that CPBSs have a negative Impact on the prices of houses In the study areas.