Wildfire Risk and Housing Prices: A Case Study from Colorado Springs
Abstract
In 2000, concerned about the risks of wildfires to local homes, the Colorado Springs Fire Department rated the wildfire risk of 35,000 housing parcels within the wildland-urban interface and made its findings available online. We examine the effectiveness of this rating project by comparing the relationship between home price and wildfire risk before and after the information was posted on the Web site. Before the information was available, home price and wildfire risk were positively correlated, whereas, afterwards, they were not. (JEL R26, Q51)
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Estimates for civilian rates of PTSD and other anxiety disorders after a disaster range from 30% to 60%.
“Estimates for civilian rates of PTSD and other anxiety disorders after a disaster range from 30 % 76 to 60 %.77”
From The costs and losses of wildfires: a literature survey (2017) · cites this paper as [76]
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Catastrophic fires, human displacement, and real estate prices in California
Hennighausen, H., & James, A. G. (2024) · Journal of Housing Economics · doi:10.1016/j.jhe.2024.102023 · Cited by 13 · see citing works
Shi, L., Chen, B., Chen, X., & Chen, Z. (2022) · Journal of Environmental Management · doi:10.1016/j.jenvman.2022.115672 · Cited by 13 · see citing works
The effect of land subsidence on real estate values
Willemsen, W., Kok, S., & Kuik, O. J. (2020) · Proceedings of the International Association of Hydrological Sciences · doi:10.5194/piahs-382-703-2020 · Cited by 13 · see citing works
- Authors
- Donovan, G. H., Champ, P. A., & Butry, D. T.
- Venue
- Land Economics
- Publisher
- University of Wisconsin Press
- Published
- 2007-05-01
- Volume
- 83
- Issue
- 2
- Pages
- 217-233
- ISSN
- 0023-7639 (ISSN-L)
- 1543-8325
- OpenAlex
- W1821405874
- Cited by
- 161
- References
- 18
- Citations by year
- 2026: 4 · 2025: 7 · 2024: 9 · 2023: 11 · 2022: 8 · 2021: 8 · 2020: 15 · 2019: 11 · 2018: 10 · 2017: 5 · 2016: 9 · 2015: 10 · 2014: 9 · 2013: 14 · 2012: 3
- FWCI
- 17.73
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Land Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Housing Market and Economics
- Social Sciences › Sociology and Political Science › Disaster Management and Resilience
- Social Sciences › Transportation › Earthquake and Disaster Impact Studies
- Keywords
- wildfire risk, housing prices, wildland-urban interface, risk disclosure, real estate market, Colorado Springs
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