With the outbreak of COVID-19 and the implementation of stay-at-home (SAH) orders aimed to mitigate its spread, households became less mobile and sheltered in place. This behavior has potential implications for how households’ value environmental (dis)amenities, especially those that are underutilized during the pandemic. In this paper, we explore changes in the valuation of two prominent environmental (dis)amenities – major roadway and open space proximity – by households within the Baltimore metropolitan region. We find evidence that the housing price capitalization of immediate major roadway proximity changes due to the SAH order and associated policies that impact economic activity, suggesting a shift in household perceptions, while there is no evidence of open space valuation changes. These results may have significant implications for homeowner welfare if the altered capitalization of environmental (dis)amenities is temporary due to the SAH order.

随着 COVID-19 的爆发和旨在减轻其传播的居家令 (SAH) 的实施，家庭变得不那么流动并被安置在原地。这种行为对家庭如何重视环境（不利）设施具有潜在影响，尤其是那些在大流行期间未得到充分利用的设施。在本文中，我们探讨了巴尔的摩大都市区内的家庭对两个突出的环境（不利）设施——主要道路和开放空间附近——的估值变化。我们发现有证据表明，由于 SAH 命令和影响经济活动的相关政策，邻近主要道路的房价资本化发生了变化，这表明家庭观念发生了变化，而没有证据表明开放空间估值发生了变化。