scholarly journals Non-linear and weakly monotonic relationship between school quality and house prices

2022 ◽  
Vol 113 ◽  
pp. 105922
Author(s):  
Shishir Mathur
Keyword(s):  
School Quality ◽  
House Prices ◽  
Non Linear

A hierarchical estimation of school quality capitalisation in house prices in Orange County, California

Urban Studies ◽  
2016 ◽  
Vol 54 (14) ◽  
pp. 3337-3359 ◽  
Author(s):  
Sylvia Y He
Keyword(s):  
School Quality ◽  
Orange County ◽  
House Prices ◽  
Economic Status ◽  
Academic Performance Index ◽  
Standard Deviation Increase ◽  
Spatial Understanding ◽  
Hierarchical Estimation ◽  
Good School ◽  
Residential House

Bidding for proximity to a good school can lead to a pattern of spatial distribution in which households with similar socio-economic status and willingness-to-pay for school quality cluster together. In this paper, we adopt a three-level hierarchical framework using residential house prices in Orange County, California, in 2001 and 2011, to estimate how much homebuyers pay for school quality. Our data show that, during this period, the Academic Performance Index (API) scores of elementary schools in Orange County increased by 16.4% yet converged while the house prices rose by 50.3%. The variation in house prices attributed to school district boundaries was at the same level in both years, but the variation in the API scores shrank. Using a hierarchical random effects model, our estimation results show that, on average, a 10% increase in the API raised the house prices by 1.9% in 2001 and by 3.4% in 2011. Ten years apart, a one standard deviation increase in school quality in the sample increased house prices by a surprisingly similar percentage: 2.7% in 2001, and 2.6% in 2011, respectively. Our findings also reveal that, in both years, there was a significant spatial heterogeneity of school premiums in house prices across school districts. This research provides a spatial understanding of the education capitalisation effects and sheds light on the effectiveness of urban education policy.

School Quality, House Prices and Liquidity

2007 ◽  
Vol 37 (2) ◽  
pp. 113-130 ◽  
Author(s):  
Velma Zahirovic-Herbert ◽  
Geoffrey K. Turnbull
Keyword(s):  
School Quality ◽  
House Prices

UK House Prices – Connectedness or Ripple Effect?

2021 ◽  
Author(s):  
Taufiq Choudhry ◽  
Syed S. Hassan ◽  
Sarosh Shabi
Keyword(s):  
Northern Ireland ◽  
Housing Market ◽  
Economic Activity ◽  
House Prices ◽  
Ripple Effect ◽  
Non Linear ◽  
Causality Tests ◽  
Effect Hypothesis

The performance of the housing market is currently considered a measure of economic activity. This research explores the connectedness vs. the ripple effect hypothesis in the current house pricing literature. Using linear causality and nonlinear causality tests we show significant bidirectional dependence between the London house prices and other UK regions’ house prices except for Northern Ireland and Wales in contrast to the existing literature where more evidence of ripple effect is reported. Furthermore, linear and non-linear forecasting tests back these results. This result has important implications for policymakers and investors.

School Quality and Real House Prices: Inter- and Intrametropolitan Effects

1996 ◽  
Vol 5 (4) ◽  
pp. 351-368 ◽  
Author(s):  
Donald R. Haurin ◽  
David Brasington
Keyword(s):  
School Quality ◽  
House Prices

Uncertain School Quality and House Prices: Theory and Empirical Evidence

2017 ◽  
Vol 57 (2) ◽  
pp. 167-191 ◽  
Author(s):  
Geoffrey K. Turnbull ◽  
Velma Zahirovic-Herbert ◽  
Minrong Zheng
Keyword(s):  
Empirical Evidence ◽  
School Quality ◽  
House Prices

The Myth of “Free” Public Education: Impact of School Quality on House Prices in the Fremont Unified School District, California

2016 ◽  
Vol 37 (2) ◽  
pp. 176-194 ◽  
Author(s):  
Shishir Mathur
Keyword(s):  
School District ◽  
Affordable Housing ◽  
School Quality ◽  
House Prices ◽  
High Quality ◽  
Standard Deviation Increase ◽  
Unified School District ◽  
Free Public Education ◽  
K 12 ◽  
The Impact

Using the Fremont Unified School District in Fremont, California, as the study area, this study estimates the impact of school quality on house prices and finds that a one-standard-deviation increase in the quality of elementary, middle, and high schools significantly increases house prices—by 20 percent for an average-priced house. I urge urban planners and policy makers to explicitly recognize the impact of schools on residential segregation, to consider access to high-quality K–12 education when developing plans and policies, to collaborate with school districts to improve educational quality, and to provide incentives for the construction of affordable housing in neighborhoods with high-quality schools.

Valuing school quality, better transport, and lower crime: evidence from house prices

2008 ◽  
Vol 24 (1) ◽  
pp. 99-119 ◽  
Author(s):  
S. Gibbons ◽  
S. Machin
Keyword(s):  
School Quality ◽  
House Prices
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