Tuesday, June 16, 2009

Favorable Schools and Home Values

I want to investigates the correlation between favorable schools and home values located within the school's district. Are home values affected by the proximity to the school? This project is designed to find data and hopefully answer this question. If you look in Dallas, you can see one of the best public schools is Highland Park. And the surrounding homes located in Highland Park and University Park are priced very high, which I feel is impacted by the location within the Highland Park high school district. I want to look in Arlington and try to find the best schools and determine if the surrounding home values are affected by the proximity to the school. 

2 comments:

Dr. Hansz said...

You can certainly look as school districts. Schools are ranked and rated and you can obtain this information. You just need to make sure you find an area with enough sales within and outside the school district that you want to exam. Many students have looked at pricing differences between different school districts. The main think that you have to be aware of is that the school district does not create a proxy for other locational attributes.

Ed said...

Will,

You and I are researching very similar topics. In fact, during my research, I found a number of sources which I have no use for but are completely relevant to your focus on a school's reputational affects on residential property values. My e-mail is ELECTRODE49@GMAIL.COM. E-mail me so that I can forward these sources to you.

ED
817.733.4478 (personal cell phone)