Talk on the STREET is very mixed in some communities, but actual studies have shown that wind turbines have either no effect or a slightly positive effect on property values. One study analyzed property values in a fivemile radius of wind farms across the US, including rural New YORK, and found that property values actually increased faster near wind farms 87% of the time compared to other nearby communities. Chatham-Kent and the Erie Shores municipalities in Ontario have experienced this same thing.

Anecdotal experience has shown that property values may decrease temporarily during the time between when a new wind farm has been ANNOUNCED and when the construction is complete, and that opportunist buyers may offer insultingly low purchase prices to homeowners who express frustration about a planned wind farm or highway or any other type of construction (ie: if you broadcast that you hate your location when trying to MOVE, then unscrupulous buyers may try to exploit you with unfair purchase prices), but reports are showing clearly that real estate values stay strong and continue to grow after wind farms are built.

To answer this question properly for your area, you’ll need to consider what the various factors are that affect property values, and ultimately most of those have to do with the purchaser: people’s personal preferences may lead them to wish to avoid turbines, or to relocate closer to them. Both groups of people exist in Ontario. Properties which gain rent from local turbines will immediately see an increase in their VALUE. Other local properties may appreciate less quickly.

Talk on the street is very mixed in some communities, but actual studies have shown that wind turbines have either no effect or a slightly positive effect on property values. One study analyzed property values in a fivemile radius of wind farms across the US, including rural New York, and found that property values actually increased faster near wind farms 87% of the time compared to other nearby communities. Chatham-Kent and the Erie Shores municipalities in Ontario have experienced this same thing.

Anecdotal experience has shown that property values may decrease temporarily during the time between when a new wind farm has been announced and when the construction is complete, and that opportunist buyers may offer insultingly low purchase prices to homeowners who express frustration about a planned wind farm or highway or any other type of construction (ie: if you broadcast that you hate your location when trying to move, then unscrupulous buyers may try to exploit you with unfair purchase prices), but reports are showing clearly that real estate values stay strong and continue to grow after wind farms are built.

To answer this question properly for your area, you’ll need to consider what the various factors are that affect property values, and ultimately most of those have to do with the purchaser: people’s personal preferences may lead them to wish to avoid turbines, or to relocate closer to them. Both groups of people exist in Ontario. Properties which gain rent from local turbines will immediately see an increase in their value. Other local properties may appreciate less quickly.