Publication Date

12-11-2021

Document Type

Article

Department

Urban and Regional Planning

Publication Title

Land Use Policy

Volume

113

DOI

10.1016/j.landusepol.2021.105922

Abstract

This study provides evidence for a non-linear and weakly monotonic relationship between school quality and house prices. Using Fremont, California, as the study area, the regression analysis shows that homeowners are unwilling to pay a premium for an increase in school quality from low to medium quality. However, they are willing to pay a) a large premium when all schools are top-quality schools and b) a premium for access to nationally-renowned schools, which is in addition to the premium for top-quality schools. These findings have important land use policy significance because they provide new insights into the homeowner’s residential location choice and highlight the need to consider school quality in a jurisdiction’s land use and zoning decisions.

Keywords

Land use policy, School quality, Spatial hedonic regression, Housing, Urban economics

Comments

This is the Version of Record and can also be read online here.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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