publication . Report . Preprint . Article . 2015

Capitalization of Charter Schools into Residential Property Values

Margaret Brehm; Scott A. Imberman; Michael A. Naretta;
Open Access
  • Published: 01 Feb 2015
  • Publisher: National Bureau of Economic Research
Abstract
<jats:p> Although prior research has found clear impacts of schools and school quality on property values, little is known about whether charter schools have similar effects. Using sale price data for residential properties in Los Angeles County from 2008 to 2011 we estimate the neighborhood level impact of charter schools on housing prices. Using an identification strategy that relies on census-block fixed effects and variation in charter penetration over time, we find little evidence that the availability of a charter school affects housing prices on average. We do find, however, that when restricting to districts other than Los Angeles Unified and counting on...
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Subjects
free text keywords: Education, jel:H41, jel:I21, jel:I22, jel:R21, School district, Property value, Capitalization, Real estate, Economic growth, Business, Sale price, Charter school, Charter, Public economics, Residential property

2011. In addition to Los Angeles Unified School District (LAUSD), the second largest district in 5 10 15 Number of House Sales within Census Block

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