Planners have long recognized what they call a “demographic shift” in areas near new or expanded airports and highways: in the years after construction of the new noise source, some proportion of nearby residents move away, seeking a return of the quiet they desire. Since about half the population is very noise tolerant, buyers who don’t mind the moderate noise are usually found. Sometimes homes must sell at a discount, and in other cases, the price isn’t significantly affected; rarely, homes with especially severe noise exposures cannot find a buyer at all.
An article in South Coast Today gives a sense of how this is playing out in Falmouth and Fairhaven, where dozens of families within a half mile or so of turbines have been struggling with noise. As is often the case, the takeaways are ambiguous. Two residents near the Fairhaven turbines are quoted, both of whom are reluctantly moving from their homes. One, who’s been sleeping in his living room because the noise in the bedroom keeps him awake, has found a buyer who’s paying just 7% below his asking price. The other, whose kids and their mom have already moved away because their 8-year old was having trouble sleeping, had his house on the market at a low-end price, and after “watching buyers come by, look at the turbines and drive away” for several months, he’s now hoping to find renters. Likewise, a local realtor speaks of a house around a half mile from the turbines that’s been on the market for two years: “They ask about the noise, they ask about the flicker, and then they don’t put in an offer,” she says, noting that the asking price has dropped from $389,000 to $244,900.
In Falmouth, realtors speak about similar troubles finding buyers, with some homes being passed from realtor to realtor as they attempt to sell. However, the director of Falmouth’s Assessor’s Office says that homes near the turbines have sold at “close to or more than” the assessed value. At the end of last year, a couple that was one of the closest neighbors to the one privately-owned turbine in Falmouth abandoned the home they designed and built, and started over with a cheap fixer-upper; I have not heard whether it has been sold or not.