Date of Award

4-2019

Document Type

Honors Paper

Degree Name

Finance-BA

Department

Business, Accounting, & Economics

Advisor

Dr. Kyriacos Aristotelous, Ph.D.

First Committee Member

Dr. Aida Odobasic, Ph.D.

Second Committee Member

Dr. David Robertson, Ph.D.

Keywords

School District Quality, Housing Prices, Columbus Ohio Real Estate

Subject Categories

Business Analytics | Finance and Financial Management | Real Estate

Abstract

Using a random sample of 100 houses sold between the months of October 2018 and January 2019 in the greater Columbus, Ohio area, this paper investigates the relationship between school district quality and the selling price of houses. The results show that school district quality has a positive and statistically significant influence on the Columbus real estate market. An increase of one letter grade in school district quality (calculated using output-related factors such as student performance) leads to a 13% increase in the selling price of a house. When using the average house price in my data set of $254,000, the 13% increase represents an increase of $33,020.

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