September 9, 2009
This is a study of the impact that wind turbines have on residential property value. The wind turbines that are the focus of this study are the larger turbines being approximately 389 ft tall and producing 1.0+ megawatts each, similar to the one pictured to the right.
The study has been broken into three component parts, each looking at the value impact of the wind turbines from a different perspective. The three parts are: (1) a literature study, which reviews and summarizes what has been published on this matter found in the general media; (2) an opinion survey,which was given to area Realtors to learn their opinions on the impact of wind turbines in their area; and, 3) sales studies, which compared vacant residential lot sales within the wind turbine farm area to comparable sales located outside of the turbine influence.