Year-Round School Schedules and Residential Property Values

Terrence M Clauretie and Helen R Neill

The Journal of Real Estate Finance and Economics, 2000, vol. 20, issue 3, 22 pages

Abstract: Debate concerning the advantages and disadvantages of year-round schedules surrounds quality of education and cost. The purpose of this article is to estimate the impact of different schedules on residential property values after controlling for school expenditures, quality of education, and neighborhood socioeconomic conditions. Furthermore, we explore the possibility that different size houses, based on the number of bedrooms, may experience a differential price impact to a year-round schedule. We find evidence that year-round schools may be more of a nuisance for nonparents than for families with children for the Clark County School District which includes Las Vegas, Nevada. Copyright 2000 by Kluwer Academic Publishers

Date: 2000
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