This study assesses the effects of the access to High Voltage Overhead Power Lines(HVOPL) on housing values in Korean apartment market using a hedonic analysis. This study uses a sample of 22 apartment complexes in the small neighborhood area in the GyeongGi province in Korea. To conduct this study, all the data including property values, physical attributes, and location attributes about the 22 complexes are gathered in January 2005. Findings from the hedonic analysis based on the data indicate that the access to the HVOPL crossing the neighborhood does substantially reduce the housing values of nearby apartment complexes. Results also show that the negative price impact is limited within a narrow spatial extent from the HVOPL.