California study shows that small cells actually increase home values

In Featured News by Wireless Estimator July 23, 2021

Joint Venture Silicon Valley unveiled their latest study last week regarding the Economic Impacts to Residential Real Estate from Small Wireless Facilities.

The study focused on whether objective evidence in real estate sales records shows residential real estate valuation impacts from small wireless facilities or “small cells”.

It concluded that small cell facilities do not have an appreciable effect on nearby property valuations and the oft-cited 20% reductions in valuation were not evident in their California state-wide analysis, nor in any of the metropolitan region analyses.

In fact, the report notes that statewide, real estate valuation increases from proximal wireless sites ranged from +0.03% (within 0.06 miles of a new wireless site) to +2.14% (at distances from 5.2 miles to 5.5 miles).

For purposes of illustration, the report said, California’s median single-family home price in 2020 was $758,990, therefore valuation increases ranged from $228 (0.03%) to $16,242 (2.14%).

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