The effect of a school on residential property values.

Research output: Contribution to journalArticlepeer-review

Abstract

The results of this research show that the presence of an accessible elementary school is capitalized into nearby property values. The study was designed to yield a direct estimate of the extent of capitalization, and thus to overcome some of the problems of cross-sectional hedonic function approach. Even if capitalization levels are not systematically related to willingness-to-pay, they do comprise a significant benefit to the mobile household in the impact area. As such, they should be included in cost-benefit analyses of locational policies. -Author

Original languageEnglish (US)
JournalUniversity of Iowa, Dept. of Geography Discussion Paper
Volume27
StatePublished - Jan 1 1979
Externally publishedYes

ASJC Scopus subject areas

  • Environmental Science(all)
  • Earth and Planetary Sciences(all)

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