The Community Tolerance Level (CTL) is a new indicator which characterizes the impact of aircraft noise around local airport. It corresponds to the exposure sound level (DENL or DNL) where 50% of the population is highly annoyed. Inspired by this indicator, this paper aims at calculating the Real Estate Tolerance Level (RETL) which corresponds to the exposure sound level where a property price is 50% depreciated compared to the price of the same property which would be situated in an area whose DENL is below 50 dB(A). The use of a notarial database analyzed with the Hedonic Price Model (HPM) made it possible to calculate the percentage of property price depreciation around CDG airport, with 1-dB steps of DENL, and so far to calculate the RETL. 19,891 house transactions and 23,264 apartments have been localized with a Geographic Information Systems (GIS) and crossed with the Sound Environment Curves provided by Airport of Paris. The RETL value for single houses and for apartments around CDG is 75.8 dB. It is comparable to the mean CTL value which has been estimated to 73.3 dB from the DNL data of 43 airports over the world (about 73.9 dB from DENL data). The RETL is predictable without field survey and could characterize the impact of aircraft noise around local airports. It could be a good indicator to follow the evolution of population tolerance over the years.