EPA Enforcement Actions and Property Prices
Year: 2026
Type: article
Abstract: ABSTRACT This study examines the effects of Environmental Protection Agency (EPA) enforcement actions on property prices in the United States. Using data on EPA enforcement cases, we assess how investors and homeowners react to regulatory actions to curb environmental violations. Our analysis reveals that residential properties in proximity to EPA enforcement sites experience a significant short‐term decline in value, with more pronounced effects for enforcement cases related to hazardous waste and for properties located closer to the enforcement sites. However, the price reversal 3 months post‐enforcement suggests that market overreaction plays a role in the initial decline. Our findings underscore the importance of environmental regulation enforcement in shaping real estate market dynamics, highlighting the economic impact of environmental pollution and regulatory measures on local property values.
Source: Accounting and Finance
DOI: 10.1111/acfi.70222
Authors: Van Le, My Nguyen, Anh Viet Pham
Institutions: University of Newcastle Australia, RMIT University
Language: English
Topic: Housing Market and Economics
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,470
OpenAlex ID: W7157157969