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A Further Note on Schools and Housing Values

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  • G. Donald Jud

Abstract

This paper provides further evidence on the relationship between public schools and housing values. Drawing on data from the Los Angeles and San Francisco areas, the paper presents estimates of an Oates-type model of community housing values. Included in the model are measures of both student achievement and racial composition. The quality of public schooling, as measured by reading achievement, is found to be a strong, statistically significant determinant of community housing values, independent of student racial mix or socioeconomic background. Estimates of the model suggest that changes in achievement scores have substantial impacts on community housing values. Copyright American Real Estate and Urban Economics Association.

Suggested Citation

  • G. Donald Jud, 1985. "A Further Note on Schools and Housing Values," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(4), pages 452-462.
  • Handle: RePEc:bla:reesec:v:13:y:1985:i:4:p:452-462
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    Citations

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    Cited by:

    1. David M. Brasington, 1999. "Which Measures of School Quality Does the Housing Market Value?," Journal of Real Estate Research, American Real Estate Society, vol. 18(3), pages 395-414.
    2. Brasington, D. M., 2003. "The supply of public school quality," Economics of Education Review, Elsevier, vol. 22(4), pages 367-377, August.
    3. David M. Brasington & Diane Hite, 2005. "Demand for Environmental Quality: A Spatial Hedonic Approach," Departmental Working Papers 2005-08, Department of Economics, Louisiana State University.
    4. Yadavalli, Anita P. & Florax, Raymond J.G.M., 2013. "The Effect of School Quality on House Prices: A Meta-Regression Analysis," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 151291, Agricultural and Applied Economics Association.
    5. Brasington, David M., 1999. "Joint provision of public goods: the consolidation of school districts," Journal of Public Economics, Elsevier, vol. 73(3), pages 373-393, September.
    6. Vivek Sah & Stephen J. Conroy & Andrew Narwold, 2016. "Estimating School Proximity Effects on Housing Prices: the Importance of Robust Spatial Controls in Hedonic Estimations," The Journal of Real Estate Finance and Economics, Springer, vol. 53(1), pages 50-76, July.
    7. Michael L. Walden, 1990. "Magnet Schools and the Differential Impact of School Quality on Residential Property Values," Journal of Real Estate Research, American Real Estate Society, vol. 5(2), pages 221-230.
    8. Bhattarai, Gandhi Raj & Pandit, Ram & Hite, Diane, 2004. "Willingness To Pay For Public Goods: A Hedonic Demand Model For Neighborhood Safety, School And Environmental Quality," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34628, Southern Agricultural Economics Association.
    9. repec:gam:jsusta:v:9:y:2017:i:11:p:2011-:d:117440 is not listed on IDEAS
    10. Brasington, David M. & Hite, Diane, 2005. "Demand for environmental quality: a spatial hedonic analysis," Regional Science and Urban Economics, Elsevier, vol. 35(1), pages 57-82, January.
    11. Bulent Uyar & Kenneth H. Brown, 2005. "Impact of Local Public Services and Taxes on Dwelling Choice within a Single Taxing Jurisdiction: A Discrete Choice Model," Journal of Real Estate Research, American Real Estate Society, vol. 27(4), pages 427-444.

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