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Size and proximity effects of primary schools on surrounding house values

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  • Francois Des Rosiers
  • Antonio Lagana
  • Marius Theriault

Abstract

This paper deals with measuring the effect of both size and proximity of primary schools on surrounding residential values, using hedonics for that purpose. The data bank consists of a subset of some 4300 single-detached, owner-occupied housing units transacted all over the Quebec Urban Community territory between January 1990 and December 1991. Several functional forms are tested and up to 42 descriptors are used. Some 116 primary schools are considered in the analysis, with size ranging from 52 to 840 students. Findings tend to confirm the non-monotonicity of both the price--distance and price--size relationships with respect to primary schools. In that respect, performing a gamma transformation on either size and distance variables provides consistent estimates of critical school size and optimal distance to nearest school. The value-minimizing size is in the 300--450 pupil range while the optimal, or value-maximizing, distance is between 300 and 500 metres from the nearest school, that is, roughly, a 9--15-minute walk from home.

Suggested Citation

  • Francois Des Rosiers & Antonio Lagana & Marius Theriault, 2001. "Size and proximity effects of primary schools on surrounding house values," Journal of Property Research, Taylor & Francis Journals, vol. 18(2), pages 149-168, January.
    • Handle: RePEc:taf:jpropr:v:18:y:2001:i:2:p:149-168
    DOI: 10.1080/09599910110039905
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    References listed on IDEAS

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    1. Des Rosier, F. & Theriault, M., 1999. "House Prices and Spatial Dependence : Towards an Integrated Procedure to Model Neighborhood," Papers 99-002, Laval - Faculte des sciences de administration.
    2. Des Rosiers, F. & Theriault, M., 1999. "House Prices and Spatial Dependence: Towards an Integrated Procedure to Model Neighborhood Dynamics," Papers 1999-2, Laval - Faculte des sciences de administration.
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    Cited by:

    1. Georgios Kavetsos, 2012. "The Impact of the London Olympics Announcement on Property Prices," Urban Studies, Urban Studies Journal Limited, vol. 49(7), pages 1453-1470, May.
    2. Sonia Yousfi & Jean Dubé & Diègo Legros & Sotirios Thanos, 2020. "Mass appraisal without statistical estimation: a simplified comparable sales approach based on a spatiotemporal matrix," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 64(2), pages 349-365, April.
    3. Ti-Ching Peng & Ying-Hui Chiang, 2015. "The non-linearity of hospitals' proximity on property prices: experiences from Taipei, Taiwan," Journal of Property Research, Taylor & Francis Journals, vol. 32(4), pages 341-361, December.
    4. Angela Stefania Bergantino & Antonella Biscione & Annunziata de Felice & Francesco Porcelli & Riccardo Zagaria, 2022. "Kindergarten Proximity and the Housing Market Price in Italy," Economies, MDPI, vol. 10(9), pages 1-16, September.
    5. Chris Taylor & Stephen Gorard, 2001. "The Role of Residence in School Segregation: Placing the Impact of Parental Choice in Perspective," Environment and Planning A, , vol. 33(10), pages 1829-1852, October.
    6. Yi Huang & Sandy Dall’erba, 2021. "Does Proximity to School Still Matter Once Access to Your Preferred School Zone Has Already Been Secured?," The Journal of Real Estate Finance and Economics, Springer, vol. 62(4), pages 548-577, May.
    7. Biel E. Metz, 2015. "Effect of Distance to Schooling on Home Prices," The Review of Regional Studies, Southern Regional Science Association, vol. 45(2), pages 151-171, Fall.
    8. Marius Th?riault & Fran?ois Des Rosiers and Jean Dub?, 2007. "Testing the Temporal Stability of Accessibility Value in Residential Hedonic Prices," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2007(3), pages 5-46.
    9. Steve Gibbons & Stephen Machin, 2004. "Paying for primary schools: supply constraints, school popularity or congestion?," CEE Discussion Papers 0042, Centre for the Economics of Education, LSE.
    10. Theisen, Theis, 2020. "The impact of an urban toll ring on housing prices," Research in Transportation Economics, Elsevier, vol. 82(C).
    11. Jean Dubé & Diègo Legros, 2013. "Dealing with spatial data pooled over time in statistical models," Letters in Spatial and Resource Sciences, Springer, vol. 6(1), pages 1-18, March.

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