Abstract
This paper examines the relationship between proximity to secondary schools and property values within three school enrollment zones in Auckland, New Zealand. Results indicate that, in the most sought-after school zone, house prices increase with proximity to school but decrease above 3.664 km. Moreover, we find that the nonlinear effects are most prominent at the lower quantile of the sales price distribution. In the other two school zones, proximity to school reduces house prices. These results demonstrate that distance to school still matters within each school enrollment zone.
Original language | English (US) |
---|---|
Pages (from-to) | 548-577 |
Number of pages | 30 |
Journal | Journal of Real Estate Finance and Economics |
Volume | 62 |
Issue number | 4 |
DOIs | |
State | Published - May 2021 |
Keywords
- Attendance zone
- Hedonic
- House prices
- Quantile
- School proximity
ASJC Scopus subject areas
- Accounting
- Finance
- Economics and Econometrics
- Urban Studies