Do wind farms impact property value?

Offshore wind farms are generally located far out at sea with very little impact on the view. In these cases, studies reveal that offshore wind has little to no influence on property prices.

Question:

Do oceanside properties lose value with an offshore wind farm nearby?

Fact:

Studies have found that property prices are generally not affected by offshore wind farms located far out at sea.

Study finds property prices unaffected by offshore wind

In 2018, a large-scale study analyzed the impact of onshore and offshore wind turbines on the value of nearby residential and vacation properties in Denmark, a country that has had offshore wind for 30 years.¹

It concluded that having an ocean view including a wind farm had no significant impact on property prices, in comparison to having a sea view without a wind farm.

Wind farms do not impact property values, even when close to the shore

Ocean Wind 1 delivers clean energy – from a distance

The study included two Danish offshore wind farms that are relatively close to the shore – Nystad at 2.2 miles and Rødsand 5.6 miles. In neither case were property prices affected by the presence of offshore wind farms.

By comparison, Ocean Wind 1 will be 15 miles from the shore, making it less visible from oceanside properties.