property value

8:25am

Mon December 9, 2013
Environment

Researchers investigate link between water pollution and NY property values

Property values may be connected to the presence of the Common Loon.
Shawn McCready Flickr

Researchers from Clarkson University are gearing up to study the impacts of water pollution on property values across 26 counties in upstate New York.

Funded by a two year NYSERDA grant, researchers will study water quality data and correlate that with property sales over the past decade. And there’s already evidence of a relationship between the two.

In a recent study, economics professor Martin Heintzelman - who’ll be working on the new study – found that high water acidity lowered property prices in the Adirondacks by up to 24 percent.

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