Moffett's $3.5M operating defecit sounds like a lot of money until you
compare it to the potential economic losses that could be wreaked by subjecting
such a populous area to intolerable noise. The only estimate I have seen
on the impact on house prices to being in a flight path is 15%;
clearly the conclusion would not change even if that estimate were off by
an order of magnitude.
Suzanne Petroni, Moffett Federal Airfield Marketing Manager, claims the
correct value for the impact
of cargo flights is 0%, because of noise abatement policies being adopted.
Data is from the 1990 U.S. Census, at http://cedr.lbl.gov/cdrom/doc/lookup_doc.html. Total property value is calculated based on the median rather than the average value, and so is on the low side. Not considered are impacts on commercial real estate, loss in property tax revenue, or loss in sales tax revenue.
| Zip code | Total |
94043 |
94089 |
94086 |
94087 |
94040 |
94041 |
|---|---|---|---|---|---|---|---|
| Persons | 186,490 | 28,463 | 13,507 | 56,193 | 47,783 | 27,089 | 13,455 |
| Households | 79,115 | 12,022 | 5,592 | 24,154 | 19,039 | 11,998 | 6,310 |
| Median Household Income | $45,200 | $42,096 | $40,489 | $42,674 | $54,283 | $43,774 | $40,265 |
| Housing Units Occupied | 78,856 | 12,057 | 5,610 | 23,929 | 18,984 | 11,954 | 6,322 |
| Household Income ($M) | $3,576 | $506 | $226 | $1,031 | $1,033 | $525 | $254 |
| Homeowners | 42,052 | 4,671 | 4,269 | 8,165 | 11,227 | 11,954 | 1,766 |
| Median value | - | $286,000 | $232,700 | $284,500 | $371,800 | $404,600 | $342,600 |
| House value ($M) | $14,268 | $1,336 | $993 | $2,323 | $4,174 | $4,837 | $605 |
| Renters | 36,804 | 7,386 | 1,341 | 15,764 | 7,757 | 0 | 4,556 |
| Median rent | - | $771 | $830 | $776 | $797 | - | $771 |
| Monthly rent ($M) | $28.7 | $5.7 | $1.1 | $12.2 | $6.2 | $0.0 | $3.5 |