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Updated: Jan 28, 2026
12:44
Watershed Planning within a Quantitative Scenario Analysis Framework
Published on: July 24, 2016
8.5K
Adaptation, Sea Level Rise, and Property Prices in the Chesapeake Bay Watershed
Patrick Walsh1, Charles Griffiths2, Dennis Guignet2
1Manaaki Whenua-Landcare Research, 231 Morrin Road St Johns, Auckland 1072, New Zealand.
Land Economics
|February 26, 2019
Summary
Coastal adaptation structures significantly boost waterfront property values, especially for homes most vulnerable to sea level rise (SLR). Local markets are beginning to price in SLR threats.
Area of Science:
- Environmental Economics
- Coastal Management
- Real Estate Analysis
Background:
- Coastal communities confront escalating sea level rise (SLR) and population growth, creating complex policy challenges.
- Understanding the economic impacts of coastal protection is crucial for effective planning and investment.
Purpose of the Study:
- To investigate the influence of coastal adaptation structures on waterfront property prices.
- To assess how property markets, specifically in the Chesapeake Bay, are responding to SLR risks.
Main Methods:
- Utilized a novel, spatially explicit dataset of coastal features and property prices.
- Conducted spatial analysis to correlate adaptation structures with home values.
Main Results:
- Coastal protection structures demonstrate a significant positive impact on waterfront home prices.
- Homes in more vulnerable locations experienced the most substantial price increases due to protective structures.
- Evidence suggests local property markets are beginning to integrate SLR threats into pricing.
Conclusions:
- Coastal adaptation investments can enhance property values and signal market adaptation to SLR.
- Findings provide valuable insights for policymakers regarding the economic benefits of coastal protection infrastructure.
- This study highlights the Chesapeake Bay as an early indicator of property market responses to SLR.
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