[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-600756-105":59,"doc-detail-600756-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","capitalization-of-charter-schools-into-residential-property-values","CAPITALIZATION OF CHARTER SCHOOLS INTO RESIDENTIAL PROPERTY VALUES","","Although prior research links schools and school quality to property values, it remains unclear whether charter schools produce similar effects. Using residential sale prices in Los Angeles County from 2008 to 2011, the study estimates neighborhood-level impacts of charter school availability. The identification strategy uses census-block fixed effects and changing charter penetration over time. Results show little average effect, but housing prices decline when focusing on districts outside Los Angeles Unified and counting only nearby charters within the same district.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/capitalization-of-charter-schools-into-residential-property-values/600756/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/capitalization-of-charter-schools-into-residential-property-values/600756.png","ImageObject",300,407,{"name":92,"@type":93},"dhado","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-21","2026-10-15",true,{"@type":102,"interactionType":103,"userInteractionCount":81},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What question does the study investigate about charter schools and housing prices?","Question",{"text":112,"@type":113},"It examines whether charter school availability is capitalized into surrounding residential property values in Los Angeles County.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the study identify the impact of charter penetration on housing prices?",{"text":117,"@type":113},"It uses sale data from 2008–2011 and an identification strategy based on census-block fixed effects combined with variation in charter penetration over time.",{"name":119,"@type":110,"acceptedAnswer":120},"What are the main findings regarding charter schools and property values?",{"text":121,"@type":113},"On average, the availability of charter schools shows little evidence of affecting housing prices, though prices fall under a more restricted district-based comparison.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},600756,1792331556,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":81,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145},5909893218464,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","|  | CAPITALIZATION OF CHARTER SCHOOLS INTO RESIDENTIAL PROPERTY VALUES |\n| --- | --- |\n\nMargaret Brehm  \nDepartment of Economics Michigan State University East Lansing, MI 48824 [orourk49@msu.edu](orourk49@msu.edu)  \n[Scott A. Imberman](Scott A. Imberman)  \n(corresponding author) Department of Economics Michigan State University  \nand NBER  \nEast Lansing, MI 48824 [imberman@msu.edu](imberman@msu.edu)  \nMichael Naretta  \nDepartment of Economics Michigan State University East Lansing, MI 48824 [manaretta@gmail.com](manaretta@gmail.com)  \nAbstract  \nAlthough prior research has found clear impacts of schools and school quality on property values, little is known about whether charter schools have similar effects. Using sale price data for residential properties in Los Angeles County from 2008 to 2011 we estimate the neighborhood level impact of charter schoolson housing prices. Using an identification strategy that relies on census-block fixed effects and variation in charter penetration over time, we find little evidence that the availability of a charter school affects housing prices on average. We do find, however, that when restricting to districts other than Los Angeles Unified and counting only charter schools located in the same school district as the household, housing prices fall in response to an increase in nearby charter penetration.  \ndoi:10 . 1162/EDFP_a_00192  \n􀀂C 2017 Association for Education Finance and Policy  \n1. INTRODUCTION  \nThe charter school movement began about twenty years ago and was driven by the belief that privately run and publicly financed schools could be superior to traditional public schools. Proponents argue that charters can adapt more smoothly in times of financial hardship than traditional schools (e.g., by reducing nonunionized labor force or changing administrative policies) . They also argue that charters are leaders in methodological innovations in education. On the other hand, opponents argue that charters are able to restrict admission to make them look better than they are and they divert necessary resources from public schools. Existing research has generally shown charter effectiveness to be mixed (e.g., Bettinger 2005; Bifulco and Ladd 2006; Sass 2006; Hoxby and Murarka 2009; Abdulkadiro˘glu et al. 2011; Dobbie and Fryer 2011; Imberman 2011b; Angrist et al. 2012; Angrist, Pathak, and Walters 2013), yet the impacts of these schools on the wider economy is not well known. In this paper, using data from Los Angeles County (LA County), California, we attempt to establish the extent to which charter schools impact residential property markets by examining how charter penetration rates in a community are capitalized into surrounding home prices. Understanding whether housing markets are responsive to charter availability is important given the increasing prevalence of charter schools across the country. Indeed, California has seen significant growth in the number of charter schools since they were authorized in 1992; the overall number of charters has increased from 299 in 2000 to 912 in 2010, with 242 of those in LA County alone. This is the highest number of charter schools in any county in the United States.1  \nThere is also a substantial literature relating housing values and school characteristics (e.g., Black 1999; Gibbons and Machin 2003; Figlio and Lucas 2004; Kane, Riegg, and Staiger 2006; Bayer, Ferreira, and McMillan 2007; Gibbons, Machin, and Silva 2013; Imberman and Lovenheim 2016), but only Buerger (2014), in an unpublished working paper, specifically considers homeowners’ valuation of charter schools. To identify the impact of charters on housing prices, we use data on single-family home sales from 2008 to 2011, obtained from the LA County Assessor’s Office. We estimate the impacts of both the number of charters and the share of public enrollment in charters within various distances of a property, up to 2 miles. To account for endogenous charter locations and changes in the geograp","cbCaisWZLx8aBxOg","https://ap.wps.com/l/cbCaisWZLx8aBxOg","pdf",318609,27,"English","# Abstract\n# Introduction\n## Research motivation and background\n## Data and identification strategy\n## Main findings and scope","[{\"question\":\"What question does the study investigate about charter schools and housing prices?\",\"answer\":\"It examines whether charter school availability is capitalized into surrounding residential property values in Los Angeles County.\"},{\"question\":\"How does the study identify the impact of charter penetration on housing prices?\",\"answer\":\"It uses sale data from 2008–2011 and an identification strategy based on census-block fixed effects combined with variation in charter penetration over time.\"},{\"question\":\"What are the main findings regarding charter schools and property values?\",\"answer\":\"On average, the availability of charter schools shows little evidence of affecting housing prices, though prices fall under a more restricted district-based comparison.\"}]","CAPITALIZATION OF CHARTER SCHOOLS INTO RESIDENTIAL PROPERTY VALUES | PDF",1792091321,68]