Comparing methodologies that correlate property values and airport noise

Abstract

COMPARING METHODOLOGIES THAT CORRELATE PROPERTY VALUES AND AIRPORT NOISE by Christian Valdes In order to compare methodologies and results of studies that correlate airport noise and property value, this thesis introduces a methodology that spatially correlates property location and value to magnitude of airport noise levels. The results of many studies conducted around airports in United States and Canada show that airport noise tends to decrease property value. Contrary to results of these studies, Spatial Correlation results showed that an increase in airport noise levels do not decrease property values in a community adjacent to Oakland International Airport. In addition, spatial correlation analysis showed positive and negative property value changes between 1 decibel (dB) airport noise level intervals and an overall appreciation of average property value relative to increasing airport noise intervals. There are many other factors influencing property values; isolating noise is difficult because other factors appear to have a larger effect on property values and appreciation rates. However, it is still important to study noise levels and fully understand all factors that influence property value. ACKNOWLEDGEMENTS This thesis is culmination of converging academic and professional paths. Neither path can exist without several special contributors. Great appreciation goes to San Jose State University professors for conveying concepts and principles of Aviation and Geography. Thanks to my professional supervisors, Jaime, Carole, and Vince who extended their guidance beyond the 9 to 5. This thesis and associated degree are dedicated to my mother Oriana, who is my biggest fan, my best teacher and enjoys my accomplishments as much as I do, at times, a little more.