Does Close Count? School Proximity, School Quality, and Residential Property Values

This study jointly estimates the impact of school quality and school proximity on residential property values in Greenville, South Carolina. While quality is found to be capitalized into residential property values, the degree of capitalization depends on school level and proximity to each school for which the house is zoned for attendance. In general, there is positive value associated with closer proximity to schools of all levels, and negative value associated with a significantly longer than average distance to schools. In terms of quality rankings, excellence at the elementary and high school levels has the strongest impact on property values.


Issue Date:
2007-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/6609
Published in:
Journal of Agricultural and Applied Economics, Volume 39, Number 1
Page range:
211-221
Total Pages:
11
JEL Codes:
I21; O18; R21




 Record created 2017-04-01, last modified 2017-08-23

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