Highway Noise Can Reduce Home Value

By
Real Estate Agent with Keller Williams Realty Louisville East (502) 664-7827

What if you find the home of your dreams but it's too close to highway noise? If the highway noise doesn't bother you, should you buy it anyway?

Take a look at this aerial view of this wonderful home on 1.15 acres of both cleared and wooded lot. It is a dream enclave.

 

Ripple Creek Dr Louisville KY

 

Now take a look at the same property, with the very critical feature of its proximity to Interstate I-65. This section of I-65 is heavily travelled and is within the city limits of Louisville, KY.

Ripple Creek Louisville KY I-65

Although some people would not mind the highway noise, there are many who would not even take a look at the house once they got out of their car and heard the noise.

The smaller pool of buyers willing to put up with the noise results in lower demand which causes a reduction in value and price. The noise factor could easily reduce the resale value of the home by many tens of thousands of dollars.

Therefore, when buying a home so proximal to a noisy highway, make sure that you get it at a low enough price to offset the future lower resale value when it is time for you to find a buyer.

 

 

 

Posted by

 

 

Dave Halpern, Realtor

The Dave Halpern Real Estate Group

Keller Williams Realty Louisville East

Website David.DavidHalpernRealtor.com

(502) 664-7827

 

 

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Rainmaker
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Marie Haydock
Evergreen Global Homes & Land | RSVP Real Estate - Redmond, WA
Simplifying Real Estate

Good info and visuals Dave Halpern !  I always give my buyer clients a word of caution regarding situations like homes close to highway noise.  No matter what you do, you can't remodel your way out of the location.  It will always impact the value of the home and reduce the rate at which it will resell.  That being said, some people don't mind the noise and it isn't a guaranteed deal breaker.  However, people who choose to invest in a home near a loud road just need to move forward with a clear understanding of the impact it will have on their investment.

Jul 02, 2017 05:50 PM #1
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Good points Dave. Had a seller recently that built a home in the back of a presitigous neighborhood that backed up to a busy road. Although a berm was created the noise was still too much for most. Took seven years of off and on the market status reducing the price everytime until he finally found a buyer. He admits he never should've built there regardless of how great the neighborhood was.

Jul 02, 2017 07:20 PM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I showed a home a couple of weeks ago right next to the Interstate. The buyer's dad didn't like the noise and the daughter didn't notice. Needless to say dad's influence swayed her away from the property. 

Jul 02, 2017 08:09 PM #3
Rainmaker
3,978,839
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Some people say you get used to the noise, but i never did when Living next to a busy highway

Jul 03, 2017 02:13 AM #4
Rainmaker
3,140,727
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

I do let our buyers know when a property is near a major highway. It's not for everyone, but these homes do sell to buyers who don't mind the noise.

Jul 03, 2017 05:21 AM #5
Rainmaker
1,005,961
Gloria Todor
Century 21 Absolute Realty - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

Dave, Yes so important for buyers to know that not all people can tolerate the noise from a major highway and can make selling the house down the road a real challenge.

Years ago I lived the same distance to I-95 north of Philly and I never got used to it.  The only good it did was I could tell if it was raining outside by the sound of the traction on the road.

Jul 10, 2017 08:34 AM #6
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great post, Dave.  Noisy areas will have a lower value, great place for the hard of hearing.

Jul 28, 2017 05:17 AM #7
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Dave - that is a very good way to look at it.  Highway noise is a big deal for many.

Jul 30, 2017 03:13 PM #8
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Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Dave Halpern 
The tree buffer makes a big difference as does the grade of the stretch of highway.  My parents' home backed up to the Merritt Parkway in Connecticut. Thousands of night sleeping listening to the low murmer of cars as waves on the beach. Flat grade - no shifting for hills.
All the best - Lynn

Aug 26, 2017 09:35 PM #9
Rainmaker
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

That is a difficult obstacle to overcome Dave.  I have been to show a house and as soon as we got out of the car, we heard the noice.  That killed the deal before it could happen.

Sep 01, 2017 08:23 AM #10
Rainmaker
5,307,555
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good advice to share with prospective home buyers.

Sep 08, 2017 05:24 AM #11
Rainmaker
2,100,174
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

That is pretty much exactly the positioning of my current home. Add a toll booth to the pic and it's even more interesting! 

When we purchased the home it was winter and with the windows closed the highway is not an issue at all. Come summer with the windows open it gets pretty noisy, but it's something you do get used to. The only issue is when we are watching tv and a loud motorcycle goes by.

It's a beautiful neighborhood and a beautiful home....the highway did not make a difference when we made our offer. That said....I agree with you that it would make a difference to other people.

We may be selling soon, if we find what we are looking for (downsizing) and it will be interesting to see if the highway comes into play with our potential buyers.

Sep 14, 2017 05:20 AM #12
Rainmaker
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Mayra Espinosa Realtor San Mateo Pacifica Homes
Red C Realty| Call 650-996-8961 - San Mateo, CA
Pacifica-San Mateo Buy,Sell,Invest in Real Estate

Hi Dave,

Freeway noise could significantly reduce the resale value of a property. If you want to purchase the property anyway, make sure you are getting a good deal and are taking into consideration the noise factor. 

Sep 18, 2017 04:25 PM #13
Rainmaker
1,161,338
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

The first thing I look at on listings is the blue freeway line. If it is anywhere close I tend to shy away, not just because of the noise, but the bad air quality also.

Sep 20, 2017 01:52 PM #14
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Dave, As you clearly point out here, the noise may not be a factor when the house is well hidden by all those trees. Aerial photos do help make those kind of decisions. 

Oct 15, 2017 05:15 AM #15
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