Effects of the Accident at Three Mile Island on Residential Property Values and Sales
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An analysis of all valid single family house
sales over a four-year period before the March,
1979, TMI accident and over the 9 months following
the accident, and within a 25-mile radius of
the plant and in two control areas, disclosed no
evidence that the accident had measurable lasting
effects on residential property values. Shortly
following the accident there was a sharp decline
in the volume of residential sales within 10
miles of the plant, but the real estate market
returned to normal within a month, considering
the financial market conditions at that time.