Dam removal is not expected to significantly affect the values of riverfront properties along the Fox River. In order to investigate this further, property sales data obtained from the Kane County GIS-Technologies Department was used to perform a regression analysis of 15,322 residential property sales that took place in Kane County between January 1, 2020 and December 31, 2022. This analysis found that location relative to the river (riverfront vs. non-riverfront, as well as distance from river) could not be used to reliably explain the variation in property sale prices (overall or per square foot) in any municipality or township within the project area. In addition, comparative sales analysis of a random selection of riverfront and non-riverfront properties found that homes in any given neighborhood of similar age, size, and condition sold for similar prices regardless of whether or not they had river frontage.
Finally, USACE realty specialists consulted with certified real estate appraisers and the township assessors within the project area for their opinions on potential impacts to property values. The consensus was that there is expected to be little to no impact on property sale prices or assessed values if dams are removed, as the river itself has little effect on property values in its current state. Factors such as home age, size, and condition, school quality, and the overall real estate market play the largest role in home value.