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Estimates of the Effect of School Desegregation Plans on Housing Values Over Time

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  • Kerry D. Vandell
  • Robert H. Zerbst

Abstract

This study investigates the impact that school desegregation can have on the market values of affected residential properties. It improves upon previous studies in that it is able to estimate not only the “racial enrollment” effect but also “other” desegregation‐related effects correlated with white perceptions of school quality, etc. Through the use of a controlled longitudinal and cross‐sectional data set of property sales and a ridge‐regression methodology, it is able to estimate these effects over time and separate them from amenity‐related effects. Results are significant in that they predict substantial desegregation‐related effects on house values over time, averaging 11.4% of property value, which correlate with school desegregation court rulings and other events. Furthermore, over one‐third of the magnitude of this discount is related to desegregation factors other than actual racial enrollment patterns in the schools.

Suggested Citation

  • Kerry D. Vandell & Robert H. Zerbst, 1984. "Estimates of the Effect of School Desegregation Plans on Housing Values Over Time," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 12(2), pages 109-135, June.
    • Handle: RePEc:bla:reesec:v:12:y:1984:i:2:p:109-135
    DOI: 10.1111/1540-6229.00313
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    Cited by:

    1. Robert A. Simons & Roberto G. Quercia & Ivan Maric, 1998. "The Value Impact of New Residential Construction and Neighborhood Disinvestment on Residential Sales Price," Journal of Real Estate Research, American Real Estate Society, vol. 15(2), pages 147-162.
    2. Han Bin Kang & Alan K. Reichert, 1987. "An Evaluation of Alternative Estimation Techniques and Functional Forms in Developing Statistical Appraisal Models," Journal of Real Estate Research, American Real Estate Society, vol. 2(1), pages 1-29.
    3. Chengri Ding & Robert Simons & Esmail Baku, 2000. "The Effect of Residential Investment on Nearby Property Values: Evidence from Cleveland, Ohio," Journal of Real Estate Research, American Real Estate Society, vol. 19(1), pages 23-48.
    4. Richard D. Evans & William Rayburn, 1991. "The Effect of School Desegregation Decisions on Single-Family Housing Prices," Journal of Real Estate Research, American Real Estate Society, vol. 6(2), pages 107-216.
    5. Eli Beracha & William G. Hardin, 2021. "The housing price premium associated with charter schools," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(4), pages 1267-1289, December.
    6. Otis W. Gilley & R. Kelley Pace, 1990. "A Hybrid Cost and Market-Based Estimator for Appraisal," Journal of Real Estate Research, American Real Estate Society, vol. 5(1), pages 75-88.
    7. Michael Devaney & William Rayburn, 1993. "Neighborhood Racial Transition and Housing Returns: A Portfolio Approach," Journal of Real Estate Research, American Real Estate Society, vol. 8(2), pages 239-252.

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