Of all the local neighborhood amenities that can influence a buyer's decision to purchase a home, proximity to good quality schools is one of the most influential. According to The National Association of REALTORS® Profile of Home Buyers and Sellers, schools were listed as a deciding factor for 19% of home buyers. This Field Guide includes articles and studies on the importance of schools for home buyers and how schools impact local property values
School Quality & the Homebuying Decision
High performance schools: Green/sustainable school buildings create healthier students, happier parents, and more attractive Smart Growth neighborhoods, (On Common Ground, Winter 2005).
Housing and school choice, (Affordable Housing Bulletin (King County, WA), Dec. 2002).
The perceived quality of public schools, (East Carolina University - Department of Economics, July 2000).
Which measures of school quality does the housing market value?, (Journal of Real Estate Research, Nov./Dec. 1999).
Do better schools matter? Parental valuation of elementary education, (The Quarterly Journal of Economics, May 1999).
School choice through relocation: Evidence from the Washington, D.C. area, (Federal Reserve Bank of Chicago - Working Paper Series WP-99-7, Mar. 1999).
Neighborhood school characteristics: What signals quality to homebuyers?, ( Federal Reserve Bank of Dallas Economic Review, 4th Quarter 1996).
Impacts of Schools on Property Values
Do good schools or good neighbors raise property values?, (UCLA / Dartmouth College, Apr. 2004).
School quality and property values in Greenville, South Carolina, (Clemson University, Apr. 2003).
School accountability ratings and housing values, (National Bureau of Economic Research, Jan. 2003).
Schools and housing markets: An examination of school segregation and performance in Connecticut, (University of Connecticut, Oct. 2002).
Why do households without children support local public schools? Linking house price capitalization to school spending, (University of Pennsylvania - The Wharton School, June 2002).
What's in a grade? School report cards and house prices, (University of Florida - Department of Economics, May 2002).
School performance and housing values: Using non-contiguous district and incorporation boundaries to identify school effects, (National Tax Journal, June 2001).
The capitalization of school quality: Evidence from San Diego County, (San Diego State University - Department of Economics, Spring 2001).
School finance reform and housing values: Evidence from the Los Angeles Metropolitan Area, (San Diego State University - Department of Economics, Jan. 2000).
Perception of public school quality and it's effects on housing prices: Evidence from Pitt County, North Carolina, (East Carolina University - Department of Economics, Dec. 1999).
House prices and the quality of public schools: What are we buying?, (Federal Reserve Bank of Philadelphia Business Review, Sept./Oct. 1998).
The impact of school characteristics on house prices: Chicago 1987-1991, (Tufts University - Department of Economics, Aug. 1997).
How much more is a good school district worth?, (National Tax Journal, June 1997).
Magnet schools and the differential impact of school quality on residential property values, (Journal of Real Estate Research, Summer 1990).
School Quality & the Homebuying Decision
High performance schools: Green/sustainable school buildings create healthier students, happier parents, and more attractive Smart Growth neighborhoods, (On Common Ground, Winter 2005).
Housing and school choice, (Affordable Housing Bulletin (King County, WA), Dec. 2002).
The perceived quality of public schools, (East Carolina University - Department of Economics, July 2000).
Which measures of school quality does the housing market value?, (Journal of Real Estate Research, Nov./Dec. 1999).
Do better schools matter? Parental valuation of elementary education, (The Quarterly Journal of Economics, May 1999).
School choice through relocation: Evidence from the Washington, D.C. area, (Federal Reserve Bank of Chicago - Working Paper Series WP-99-7, Mar. 1999).
Neighborhood school characteristics: What signals quality to homebuyers?, ( Federal Reserve Bank of Dallas Economic Review, 4th Quarter 1996).
Impacts of Schools on Property Values
Do good schools or good neighbors raise property values?, (UCLA / Dartmouth College, Apr. 2004).
School quality and property values in Greenville, South Carolina, (Clemson University, Apr. 2003).
School accountability ratings and housing values, (National Bureau of Economic Research, Jan. 2003).
Schools and housing markets: An examination of school segregation and performance in Connecticut, (University of Connecticut, Oct. 2002).
Why do households without children support local public schools? Linking house price capitalization to school spending, (University of Pennsylvania - The Wharton School, June 2002).
What's in a grade? School report cards and house prices, (University of Florida - Department of Economics, May 2002).
School performance and housing values: Using non-contiguous district and incorporation boundaries to identify school effects, (National Tax Journal, June 2001).
The capitalization of school quality: Evidence from San Diego County, (San Diego State University - Department of Economics, Spring 2001).
School finance reform and housing values: Evidence from the Los Angeles Metropolitan Area, (San Diego State University - Department of Economics, Jan. 2000).
Perception of public school quality and it's effects on housing prices: Evidence from Pitt County, North Carolina, (East Carolina University - Department of Economics, Dec. 1999).
House prices and the quality of public schools: What are we buying?, (Federal Reserve Bank of Philadelphia Business Review, Sept./Oct. 1998).
The impact of school characteristics on house prices: Chicago 1987-1991, (Tufts University - Department of Economics, Aug. 1997).
How much more is a good school district worth?, (National Tax Journal, June 1997).
Magnet schools and the differential impact of school quality on residential property values, (Journal of Real Estate Research, Summer 1990).
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