The Impact of Water Quality on Florida’s Home Values
Florida Realtors conducted a study to determine whether there is a connection between home values and the quality and clarity of Florida waterways.
The study examined the impact of water quality and clarity on the sale prices of homes in Martin and Lee counties over a four-year period, from 2010 through 2013.
The ongoing problem of polluted water in the Caloosahatchee and St. Lucie rivers and estuaries has resulted in a negative impact on home values.
Improving water quality and clarity results in significant positive economic impact:
- Lee County’s aggregate property values increase by an estimated $541 million
- Martin County’s aggregate property values increase by an estimated $428 million.
- These increased property values also provide additional revenue for city and county governments.