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Winning pays: High school football championships and property values

Author

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  • Friedson, Andrew I.
  • Bogin, Alexander N.

Abstract

A large literature explores the effect of schooling characteristics on property values, but touches little on non-academic attributes of schools. This study demonstrates the capitalization of high school football championships into school district property values using a model that controls for a series of fixed effects. Winning a state football championship increases property values by 1.65% in the year following the championship, exerting its strongest effect immediately after the championship is won. The effect is biggest in the AA division; the largest and most competitive division.

Suggested Citation

  • Friedson, Andrew I. & Bogin, Alexander N., 2013. "Winning pays: High school football championships and property values," Journal of Housing Economics, Elsevier, vol. 22(1), pages 54-61.
  • Handle: RePEc:eee:jhouse:v:22:y:2013:i:1:p:54-61
    DOI: 10.1016/j.jhe.2013.02.002
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    References listed on IDEAS

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    More about this item

    Keywords

    Property value hedonic; High school football; Housing;

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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