Undergraduate Honors Thesis Projects
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.
Recommended Citation
Karapas, Ryan, "The Importance of School District Quality in the Columbus Real Estate Market" (2019). Undergraduate Honors Thesis Projects. 77.
https://digitalcommons.otterbein.edu/stu_honor/77
Included in
Business Analytics Commons, Finance and Financial Management Commons, Real Estate Commons