Fracking within 5 miles of your home could wipe 7% of the value of your property.
Allegations from an internal government report state that the damage to rural landscapes and increased traffic congestion could have a negative impact on house prices.
Increased insurance premiums were also cited as having a negative effect for homeowners. Last week's refusal by Lancashire County Council to grant planning permission at two sites showed the effect of public opinion on proposals to frack.
Houses within five miles of shale gas sites could face higher insurance premiums due to the risk of explosions and residents' health could suffer due to noise and pollution, according to the Department of Environment, Food and Rural Affairs (Defra) report. Fracking risks industrialising previously pristine rural areas and will cause increased traffic and congestion, while locals may miss out on most of the skilled jobs the industry creates, the study into "shale gas rural economy impacts" concluded.