Does Proximity to School Still Matter Once Access to Your Preferred School Zone Has Already Been Secured?

Research output: Contribution to journalArticlepeer-review

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 languageEnglish (US)
Pages (from-to)548-577
Number of pages30
JournalJournal of Real Estate Finance and Economics
Volume62
Issue number4
DOIs
StatePublished - May 2021

Keywords

  • Attendance zone
  • Hedonic
  • House prices
  • Quantile
  • School proximity

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics
  • Urban Studies

Fingerprint Dive into the research topics of 'Does Proximity to School Still Matter Once Access to Your Preferred School Zone Has Already Been Secured?'. Together they form a unique fingerprint.

Cite this