The Price of Opportunity: School Quality and Housing Prices in the Dayton Metropolitan Area

Karna Roy and Andrew Zhang

No 4s3nm_v1, SocArXiv from Center for Open Science

Abstract: This study examines the relationship between school performance and housing prices in the Dayton Metropolitan Area. The analysis uses data from 40 geographic subunits across seven school districts, combining housing prices, Ohio Performance Index scores, and socioeconomic characteristics. A baseline regression is first used to estimate the association between school performance and housing prices while controlling for socioeconomic characteristics, followed by a district fixed-effects model that accounts for unobserved characteristics shared by geographic subunits within the same school district. The baseline model finds a positive and statistically significant association, with a one-point higher Performance Index associated with approximately 1.8% higher median home prices. However, after the district fixed effects are included, the Performance Index coefficient becomes negative and statistically insignificant. This indicates that the positive association does not remain within districts under this specification. These findings suggest that the observed relationship between school performance and housing prices may reflect broader differences across school districts rather than a consistent relationship within districts.

Date: 2026-10-23
New Economics Papers: this item is included in nep-edu and nep-uep
References: Add references at CitEc
Citations:

Downloads: (external link)
https://osf.io/download/6ada54ac8df396f344c60e61/

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:4s3nm_v1

DOI: 10.31235/osf.io/4s3nm_v1

Access Statistics for this paper

More papers in SocArXiv from Center for Open Science
Bibliographic data for series maintained by OSF ().