If you’ve been following the content production of RealEstateAgent.com you’ve probably noticed how we love to write about strange unusual real estate scenarios. We’ve already written about living near a highway, considered if living near a cemetery affects the home value and even questioned if you would live in a haunted house if the price was right.
With population growth and inner-city developments all over the country, this post’s scenario is nor strange or unusual. Yes, living near an airport is something that’s becoming increasingly common. Currently, in America, there’s basically one airport for each city. You think we’re blowing this out of proportion? Not really. Here are some facts to completely boggle your mind: there are about 20,000 cities in America and 19,248 airports. The thing is that 14,112 of those airports are private airports, and 5,145 are public airports. And, from the latter, not every single one is that large international hub of airplane carriers you’re thinking of, some are local airports, some are basically homes with private runways...
But, to that, we say: so what?
Living near a small airport poses the same risks and nuisances a big airport does. It might be in a smaller dose, but you will still feel them. The main thing about living close to an airport is this: there’s no working around it; you will feel the good and the bad no matter how hard you try to avoid it. But enough about context. Let’s take a look at the actual good and bad of living near an airport.
You’re very close to the airport. Well, duh… but, really, think about it. On one side, airports usually sit away of the local hip areas, so friends from out of town will hardly ask to stay at your home because they’ll rather stay within walking distance from touristic attractions. And, on the other side, there used to be a time when living near an airport was widely seen as a bad thing, but with the age of fast connectivity, living close to an airport is becoming a good thing. A recent MIT study shows that half of Fortune 500 companies headquarters sits within 10 miles of a big airport, so chances are, by living near an airport, you’re also living in an area filled with good jobs very close to home. In fact, some real estate developers believe airports will become the next boomtowns; which leads us to the next good thing about living near an airport…
It’s more affordable. See, this change towards the benefit of living near an airport we just mentioned is happening now, but the shift is still very much in transition. All across America you still see communities complaining to local authorities about airport plans close to their home, so you can still get nice square footage for a better price. You might find a sweet deal on a house with a pool and a huge backyard for cheap.
Good Traffic. Airports usually are created in a way that incoming and outgoing traffic quickly disperses, with a lot of highways connecting drivers to the main parts of town, so, when you live close to one, your able to quickly jump to any place you wish, which saves you a lot of time if you constantly need to go someplace far. Combine the last three aspects and you have a great opportunity to invest in airbnb renting, getting an affordable place close to the airport for constant travelers who need to be close to the airport but also within a few minutes from everywhere.
Emergency situations. Airports are an important logistical factor in any city, so they play a key role in emergency situations and worst-case scenarios provided by natural disasters and terrorist attacks. Living near an airport will provide you with not only a quick exit, but you will benefit from the logistic importance of the airport whenever there’s a city-wide power outage, for instance. The region near the airport will be the last to drop and the first to get recovered.
Noise. This is the main source of complaints from people independently of them living near a small airport, a big one or a home with a private runway. Airplanes can be noisy, bro! And there’s not much you can do about completely killing the noise. What people have done is to minimize it. Homeowners learn how to reduce noise pollution and improve their sound insulation, get thicker “soundproof” windows etc. And the FAA (Federal Aviation Administration) has set quiet noise requirements that forced the airplane companies to build less noisy turbines. It’s much better than what it used to be and we’re confident it will become even better with time.
Odor. Did you know that this is an issue? Airplane fuel combustion is very smelly. You don’t feel that so much when you’re in the airport because you’re inside an enclosed and conditioned place, plus airplanes are not at full speed on the ground – most of them are standing there, with engines turned off. But when you live close to an airport, you feel the odors so often your nose stops detecting it, but the headache it can cause reminds you the smell is still there. And there’s no hiding or minimizing; when it comes to odor it’s better to just leave it be because you will only make it worse by adding air refreshers and stuff like that.
Hazards. Well, the headache caused by the noise and odor can be considered as health hazards caused by having airports as neighbors, but the pollution caused by airplanes causes much more hazards to your health than that. When we constantly breathe in the Ozone that’s produced by the aircraft, our respiratory tissue can become deeply affected, make our breathing difficult, and, in the long-term, cause emphysema and chronic bronchitis. Plus soot and other ultra-fine particulates that don’t dissipate in the air and can develop lung cancer and severe cellular damage that leads to mental depression, mutations, asphyxiation, and cancer. There’s also the direct hazard of an accident. Yes, the occurrence of accidents near airports is higher because take-off and landing are the most crucial moments of a flight, but still, airplane accidents are extremely rare. The chances of a car hitting your house are much higher than an airplane, and yet you don’t feel afraid of living near a street, right?
Now that you have read some of the pros and cons of living near an airport, you are probably concerned about how property value might be affected in the proximity of an airport. One of the biggest concerns for homebuyers when considering buying a home near the airport is the noise. Statistics are showing that some of the homes sold in the proximity of the airport, areas with noise levels of 65 decibels or higher sell for about $2,400 less than their equivalent in quieter areas.
The effect of air pollution is also negatively affecting the property value near airports, however, noise pollution seems to be a more determining factor. Other common impacts that aviation has over property value are safety, traffic, and scenery, however, these factors are not always negatively impacting the home value. Very often you will see zoning regulation being implemented near some airports in order to reserve the area around for commercial, industrial and retail use only. In doing so, it limits the construction of residential buildings, childcare centers, schools, and so on.
However, the convenience of living near an airport can be a boost to home prices. One such example is Southlake, Texas, one of the wealthiest communities in the nation. It has a high concentration of professional athletes, high-ranking corporate executives, and media personalities. Average prices for homes here near the DFW runway, go for about $800,000 and these high prices are pushed because these influential people are air travel intensive and prefer to be close to the airport. With good realtors in Southlake TX you might be able to bring the price down but it is unlikely because the area is very competitive.
On a different note, you have Los Angeles County with about 930 miles of freeway. Los Angeles international airport is considered by scientists to be one of the major sources for particulate matter pollution in Los Angeles. These particles can be embedded in the lungs and enter the bloodstream causing lung problems and different types of pulmonary diseases. In this situation living near an airport might cause health issues and this could potentially result in the depreciation of home prices.
As you can see, there certainly are good and bad things. Still not convinced about the good of it? Maybe start small, try out living near a small airport. You love watching airplanes go by your window and even can utilize that app that identifies which flight that is? Well… good for you! Defining if it’s good or bad is a matter of taste and circumstance, and we hope this article has shunned a light for you to figure out if it’s for you or if it’s not.
What do you think are the pros and cons of living near an airport? Let us know in the comment section below. Also, don’t forget to share the article on your social media accounts if you like our content.