Skovolas, Athanasios (2024) What is the Impact of School Proximity and Quality on Housing Prices in Allegheny County: Comparing Public and Private Education. Master thesis.
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Abstract
This study investigates the effects of school proximity and school quality on residential properties values in Allegheny County, Pennsylvania. The analysis is accomplished considering both public and private schools as well as level of education. Employing a hedonic pricing model and collecting data for residential transactions and schools for 2022, I found that while both quality of school and proximity can be capitalised into property values, the degree of capitalisation depends on the level of education, as well as kind of school. Results suggest that closer proximity to schools at all levels leads to higher housing prices. My analysis revealed that proximity to public primary and private high schools presented the strongest impact on housing prices when properties refrain 700m from schools, by 10.65% and 27.88% respectively. In terms of quality attributes, test scores posed the greatest effect on residential prices in the case of public and private high schools respectively. Finally, my results showed that properties tend to increase the most when locating within 700m from high quality schools by 3.47%.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. |
| Date Deposited: | 06 Jun 2024 08:58 |
| Last Modified: | 06 Jun 2024 08:58 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4517 |
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