property value

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.