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Beyond Standardized Test Scores: The Impact of a Public School Closure on House Prices

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  • Alicia Rosburg
  • Hans Isakson
  • Mark Ecker
  • Tim Strauss

Abstract

In most studies, standardized test scores are used as a proxy for school quality. Standardized test scores, however, may not fully capture the value of a public school to the households who live in the school’s attendance zone. We use the sudden closure of a well-performing public school in Iowa to estimate this value. Holding other things constant, we find that the school added 6.8% (about $9,000 for the mean house price) to the value of houses in the attendance zone over and above any effect associated with standardized test scores.

Suggested Citation

  • Alicia Rosburg & Hans Isakson & Mark Ecker & Tim Strauss, 2017. "Beyond Standardized Test Scores: The Impact of a Public School Closure on House Prices," Journal of Housing Research, Taylor & Francis Journals, vol. 26(2), pages 119-135, January.
    • Handle: RePEc:taf:rjrhxx:v:26:y:2017:i:2:p:119-135
    DOI: 10.1080/10835547.2017.12092131
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