Capitalization of school quality into housing prices: Evidence from Boston Public School district walk zones

Spatial Effects of Public Service Facilities Accessibility on Housing Prices: A Case Study of Xi’an, China

“…For example, Hu et al [26] stated that the premium on housing in key primary school districts in Beijing was as high as 8.1%. Based on the unique walk zone policy in Boston, La [3] measured a 4% premium effect of schools' academic performance on housing. Like educational resources, many studies have discovered that parks, large-scale vegetation, water, and other amenities that improve the living environment of residents have a significantly positive impact on housing prices.…”

“…However, due to an imbalanced spatial distribution of public service facilities, the mismatch of housing supply and demand has led to soaring housing prices in favorable urban areas. This is not an uncommon phenomenon in worldwide megacities such as Boston, Los Angeles, Paris, Seoul, and Shanghai [3][4][5][6][7][8]. The screening mechanism imposed by housing prices keeps high-income families living in prime areas with high-quality public services, since they are sufficiently privileged when making residential choice, whereas the groups with lower Sustainability 2018, 10, 4503 2 of 20 socio-economic status are forced to crowd in areas that are poorly facilitated.…”

“…A substantial number of studies have been published on the external effects of urban public service resources on housing prices. Their focus has been schools, parks, subways, and other public service facilities that are closely related to the lives of residents [3,[11][12][13][14][15]. In terms of educational resources, quality education resources often show a significant premium effect.…”

Transforming Abandoned Rail Corridors into Multi-purpose Trails: Applying a Spatial Hedonic Approach to Estimating the Economic Benefits of the Little Miami Scenic Trail in Cincinnati, Ohio, USA

“…The list of public goods that potential home buyers take into account when looking for a new home is as long as the list of hedonic studies. Besides structural housing characteristics, hedonic studies usually include neighborhood and locational characteristics, such as the quality of the school district [18,19], the availability of public transportation infrastructure [20,21], and the distances to lakes and/or rivers [22,23]. Other studies include crime [24,25] and the close proximity to brownfields [26,27].…”

The capitalisation of school choice into property prices: A case study of grammar and all ability state schools in Buckinghamshire, UK

“…for a recent review), notably in the US (e.g. Bogart and Cromwell, 2000;La, 2015), but also in places such as Australia (eg Davidoff & Leigh, 2008) and Singapore (Agarwal, et a;. 2016).…”