Does Proximity to School Still Matter Once Access to Your Preferred School Zone Has Already Been Secured?
Yi Huang () and
Sandy Dall’erba ()
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Yi Huang: Nanjing Audit University
Sandy Dall’erba: University of Illinois at Urbana-Champaign
Authors registered in the RePEc Author Service: Sandy Dall'erba ()
The Journal of Real Estate Finance and Economics, 2021, vol. 62, issue 4, No 3, 548-577
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.
Keywords: House prices; School proximity; Attendance zone; Hedonic; Quantile (search for similar items in EconPapers)
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