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Do Charter Schools Affect Property Values?

  • John B. Horowitz

    ()

    (Department of Economics, Ball State University)

  • Stanley R. Keil

    ()

    (Department of Economics, Ball State University)

  • Lee C. Spector

    ()

    (Department of Economics, Ball State University)

Taxpayers are concerned that introducing a charter school in their neighborhood will decrease their property values. We test this proposition by using three methods. We test the size and significance of the distance from a charter school with respect to property values; weather the intervention of a charter school changes the forecasted value of the property; and if the distance from a charter school has a different impact than the distance from a public school in similar neighborhoods. For the most part, we find little evidence that the existence of a charter school affects property values.

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File URL: http://econfac.iweb.bsu.edu/research/workingpapers/bsuecwp200707horowitz.pdf
File Function: First version, 2007
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Paper provided by Ball State University, Department of Economics in its series Working Papers with number 200707.

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Length: 31 pages
Date of creation: Nov 2007
Date of revision: Nov 2007
Handle: RePEc:bsu:wpaper:200707
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Web page: http://www.bsu.edu/econ

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  1. Henry Levin & Cyrus Driver, 1997. "Cost of an Educational Voucher System," Education Economics, Taylor & Francis Journals, vol. 5(3), pages 265-283.
  2. Patrick Bayer & Fernando Ferreira & Robert McMillan, 2007. "A Unified Framework for Measuring Preferences for Schools and Neighborhoods," NBER Working Papers 13236, National Bureau of Economic Research, Inc.
  3. Dee, Thomas S., 1998. "Competition and the quality of public schools," Economics of Education Review, Elsevier, vol. 17(4), pages 419-427, October.
  4. Jeffrey R. Henig & Jason A. MacDonald, 2002. "Locational Decisions of Charter Schools: Probing the Market Metaphor," Social Science Quarterly, Southwestern Social Science Association, vol. 83(4), pages 962-980.
  5. West, Edwin G & Palsson, Halldor, 1988. "Parental Choice of School Characteristics: Estimation Using State-Wide Data," Economic Inquiry, Western Economic Association International, vol. 26(4), pages 725-40, October.
  6. David Card & Alan Krueger, 1990. "Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States," NBER Working Papers 3358, National Bureau of Economic Research, Inc.
  7. Kathy J. Hayes & Lori L. Taylor, 1996. "Neighborhood school characteristics: what signals quality to homebuyers?," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q IV, pages 2-9.
  8. Reback, Randall, 2005. "House prices and the provision of local public services: capitalization under school choice programs," Journal of Urban Economics, Elsevier, vol. 57(2), pages 275-301, March.
  9. Evans, William N & Schwab, Robert M, 1995. "Finishing High School and Starting College: Do Catholic Schools Make a Difference?," The Quarterly Journal of Economics, MIT Press, vol. 110(4), pages 941-74, November.
  10. Cecilia Elena Rouse, 1998. "Private School Vouchers And Student Achievement: An Evaluation Of The Milwaukee Parental Choice Program," The Quarterly Journal of Economics, MIT Press, vol. 113(2), pages 553-602, May.
  11. Haurin, Donald R. & Brasington, David, 1996. "School Quality and Real House Prices: Inter- and Intrametropolitan Effects," Journal of Housing Economics, Elsevier, vol. 5(4), pages 351-368, December.
  12. G. Donald Jud & James M. Watts, 1981. "Schools and Housing Values," Land Economics, University of Wisconsin Press, vol. 57(3), pages 459-470.
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