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Year-Round School Schedules and Residential Property Values

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  • Clauretie, Terrence M
  • Neill, Helen R

Abstract

Debate concerning the advantages and disadvantages of year-round schedules surrounds quality of education and cost. The purpose of this article is to estimate the impact of different schedules on residential property values after controlling for school expenditures, quality of education, and neighborhood socioeconomic conditions. Furthermore, we explore the possibility that different size houses, based on the number of bedrooms, may experience a differential price impact to a year-round schedule. We find evidence that year-round schools may be more of a nuisance for nonparents than for families with children for the Clark County School District which includes Las Vegas, Nevada. Copyright 2000 by Kluwer Academic Publishers

Suggested Citation

  • Clauretie, Terrence M & Neill, Helen R, 2000. "Year-Round School Schedules and Residential Property Values," The Journal of Real Estate Finance and Economics, Springer, vol. 20(3), pages 311-322, May.
    • Handle: RePEc:kap:jrefec:v:20:y:2000:i:3:p:311-22
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    Citations

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    Cited by:

    1. Rosli Said & Rohayu Ab Majid & Koh Chuan Pey & Olusegun Olaopin Olanrele, 2020. "Ascertaining the Business Sustainability of Heritage Properties in Malaysia," International Real Estate Review, Global Social Science Institute, vol. 23(4), pages 1163-1185.
    2. E.V. Leontev & I.A. Mayburov, 2021. "Assessment of the Impact of Public Transport Accessibility on the Value of Urban Residential Real Estate," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(1), pages 62-83.
    3. Depro, Brooks & Rouse, Kathryn, 2015. "The effect of multi-track year-round academic calendars on property values: Evidence from district imposed school calendar conversions," Economics of Education Review, Elsevier, vol. 49(C), pages 157-171.
    4. Rohlfs, Chris & Sullivan, Ryan & Kniesner, Thomas J., 2013. "Hedonic Estimation under Very General Conditions Using Experimental and Quasi-Experimental Designs," IZA Discussion Papers 7554, Institute of Labor Economics (IZA).
    5. Geoffrey K. Turnbull & Minrong Zheng, 2022. "Desegregation Litigation and School Quality Capitalization," The Journal of Real Estate Finance and Economics, Springer, vol. 64(2), pages 210-227, February.
    6. 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.
    7. Nguyen-Hoang, Phuong & Yinger, John, 2011. "The capitalization of school quality into house values: A review," Journal of Housing Economics, Elsevier, vol. 20(1), pages 30-48, March.
    8. Rosli Said & Rohayu Ab Majid & Koh Chuan Pey & Olusegun Olaopin Olanrele, 2020. "Ascertaining the Business Sustainability of Heritage Properties in Malaysia," International Real Estate Review, Global Social Science Institute, vol. 23(4), pages 537-559.

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