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Biblioteca SCHOOL QUALITY AND PROPERTY VALUES IN GREENVILLE, SOUTH CAROLINA

SCHOOL QUALITY AND PROPERTY VALUES IN GREENVILLE, SOUTH CAROLINA

SCHOOL QUALITY AND PROPERTY VALUES IN GREENVILLE, SOUTH CAROLINA

Resource information

Date of publication
Diciembre 2003
Resource Language
ISBN / Resource ID
AGRIS:US2012204516

This study estimates the impact of school quality on property values within the city limits of Greenville, South Carolina. This study differs from others in its use of a relative, rather than an absolute measure of school quality. We apply a hedonic pricing model to estimate the impact of K-12 rankings on the real constant-quality housing values. Based on 3,731 housing transactions carried out from 1994 to 2000, our results suggest that those who choose to live within the city limits of the study pay a premium to live in high quality school attendance areas. Therefore, high-ranked schools have values capitalized into single-family house prices. Further, greater distance to assigned K-12 schools has a negative impact on the value of the property.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Owusu-Edusei, Kwame
Espey, Molly

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