Wind Farms Have No Affect on Ohio Real Estate Values?

Posted by Tim Parker on Friday, December 13th, 2013 at 8:58pm.    1322 Views

Ohio Wind Farms Have Grown Large in Just 3 Years

wind farms ohio real estate values

There are multiple wind farms located throughout the entire state of Ohio.  Our state has recently become the fastest growing wind harvest site in the United States.  One of the largest of these is the single location in Van Wert and Paulding Counties often referred to as the Northwest Ohio Wind Farm.  This single farm, called the Blue Creek Wind Farm, has built and operates 152 turbines.  The amount of electricity produced from each of these huge tri-propellered wonders is enough to operate 4700 homes per year.  If you have never been through Van Wert to see this immense farm it is something that I think everyone should experience.

 

Northwest Ohio Wind Farms - Wave of the Future or Future Problem

This article also highlighted the affect of these farms on residential property values, which is none.  Bill Straley has owned and operated Straley Real Estate and Auctions in Van Wert for 37 years. "I can't speak for or against the wind farms," he said. "Mathematically and statistically, we could not really show that the wind farms were helping or hurting property values."  In the article, Ohio Wind Farms Praised by Some, Criticized by Others, by Vivian Sade, The Journal Gazette, Fort Wayne, IN, Oct. 16, 2013, the argument about wind farm monies and local governments rages on.  Because these farms are unique in how they grow and how they operate, local governments may have handled tax abatements, construction agreements, and public health concerns incorrectly.  These are all arguments that future farms might not have to have since the bugs are being worked out in Van Wert.

Bill's assessment aligns with those of a study funded by the National Association of Realtors in 2008 which showed that the presence of wind turbines had no affect on residential property values.  A minority of people find that the low noise levels that the turbines make is troublesome to them.  Others find that the "flash" of sunlight off of the turbines is annoying.  These people do make up a portion of the eligible home buyers, but, like those who don't like carpeting, they will not find a home that pleases them near a wind farm.  Also, since there are only a few concentrations of turbines in Ohio, there are plenty of other places to live.

There Are Worse Neighbors Than Wind Turbines

Some neighbors actually do create problems with property values.  "Much more of a negative factor in real estate transactions are nearby properties of smelly industrial pig or cattle farms," Straley said.

As you are driving around Van Wert checking out the Blue Creek Wind Farm, roll down the windows and learn about the area's worse neighbors.  If you are looking to buy a home in the Van Wert area and have concerns about which of the neighboring properties participate in wind, pigs, or other regional industry, make sure to work with a reputable Realtor.  I like Bill who was mentioned in this article, but you should do your homework and discover the difference between a guy who was quoted in the paper and a professional full time real estate agent who is a member of the National Association of Realtors.  I can help with that.

Tim Parker
Call me  (614) 551-7341
or email me  

4 Responses to "Wind Farms Have No Affect on Ohio Real Estate Values?"

Alan Craig wrote: The selling prices of homes in Van Wert County has steadily declined over the last several years, while much of Ohio is making progress. How can you think that whirling fans of steel in every direction has no effect on that?

Posted on Friday, January 3rd, 2014 at 3:51pm.

Tim Parker wrote: Alan,
Thank you for your comment on my entry. I appreciate opposing viewpoints and would really like to learn more about the steady decline in property values in Van Wert as it differs from every statistic that has been published since 2008 when the wind farms began energy production. I personally have not made up my mind about the growth of these farms and would like to buy you a cup of coffee to discuss it some time. Call or test me anytime at 614-551-7341

Posted on Friday, January 3rd, 2014 at 7:39pm.

Alice wrote: Interesting news indeed. Personally, I can't wait for the day when energy efficiency and environmentally friendly materials become standard with new homes. What do you think of Energy Star rated homes? We may sell and upgrade at the end of 2014, the price seems a lot higher, but there's all the savings on energy costs, seems like no clear advantage except for the enviroment (which is ok with me :)

Posted on Sunday, January 5th, 2014 at 2:04pm.

Tim Parker wrote: Alice,
You seem to be advanced in your thinking about energy efficiency and environmental friendliness. I would love to speak with you sometime about new home building techniques and materials. You mentioned Energy Star, probably because it is the most advertised rating system of efficiency, but I would highly suggest that you learn about HERS ratings as they are very accurate measures of the overall efficiency of new homes. There is also a LEEDS program for residential construction which deals with ranking a homes environmental friendliness through materials and construction techniques.
I will be blogging about both of these very soon, so please keep following me.

Posted on Monday, January 6th, 2014 at 12:26pm.

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