"'Regardless of whether water contamination is happening, the perception that it might be happening is enough to have large effects on property values,' said Lucija Muehlenbachs, visiting fellow at Resources For The Future, an environmental think-tank, and one of three authors of the study. 'The results of the study demonstrated that groundwater contamination risk is calculated into the value of homes that are located near shale gas wells which negatively affects the homeowners by lowering their property value.'"
Study Shows Fracking Leads to Falling Property Value
Media Highlight from The Chronicle — Jan. 25, 2016
Journal Article — Nov 30, 2015
The Housing Market Impacts of Shale Gas Development
Using property value data from New York and Pennsylvania to look at the impacts of proximity to a shale gas well on home values, experts find that the effects differ depending on whether homes have access to piped water versus well groundwater. (Published in the American Economic Review)