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ERIC Number: EJ1169329
Record Type: Journal
Publication Date: 2017
Pages: 20
Abstractor: As Provided
ISSN: ISSN-0098-9495
The Relationship between Magnet Status and Neighborhood Home Values in Chicago
Evans, Chad; Malin, Joel R.
Journal of Education Finance, v43 n1 p84-103 Sum 2017
Research has demonstrated that families are consistently willing to pay more for homes situated in catchments with better quality schools. However, few have considered whether other school characteristics are capable of capitalizing home values in this way. Using data from the city of Chicago, we investigate whether traditional magnet schools may place upward economic pressure on adjoining neighborhood home prices. We also examine this possibility for Chicago's "magnet clusters"--which are themed schools and connote magnet status, but utilize locally zoned boundaries. After controlling for neighborhood composition, only traditional magnet schools, with broader enrollment policies, were consistently associated with higher home values. We find, however, that this relationship operates mostly through systematic differences in school quality, not differences in school typology per se.
University of Illinois Press. 1325 South Oak Street, Champaign, IL 61820-6903. Tel: 217-244-0626; Fax: 217-244-8082; e-mail:; Web site:
Publication Type: Journal Articles; Reports - Research
Education Level: Elementary Education
Audience: N/A
Language: English
Sponsor: Institute of Education Sciences (ED)
Authoring Institution: N/A
Identifiers - Location: Illinois (Chicago)
IES Funded: Yes
Grant or Contract Numbers: R305B090015