Planes, Trains, and Automobiles: The Impact of Traffic Noise on House Prices

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Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise (2010, background): “The semi-logarithmic functional form, where the natural logarithm of the price is assumed to be a linear function of the noise level, is a common choice, but other functional forms such as piecewise linear regressions are also present in the literature (Theebe, 2004).”
A Spatial Autocorrelation Approach for Examining the Effects of Urban Greenspace on Residential Property Values (2010, background): “2004; Gawande and Jenkins-Smith 2001; Kim et al. 2003; Leggett and Bockstael 2000; Paterson and Boyle 2002; Theebe 2004 ).”
Hedonic Price Effects of Pedestrian- and Transit-Oriented Development (2011, background): “Theebe (2004) asserts that the noise discount does not rise linearly with the sound level, finding that sound levels below 55 dB do not result in a price discount, but levels above 65 dB ‘‘appear to be capitalized into prices, with a maximum discount of approximately 12 percent’’ (p. 227).”