SCHOOLHOUSE ECONOMICS: EXPLORING THE LINK BETWEEN PALM BEACH COUNTY'S ELEMENTARY SCHOOLS AND PROPERTY PRICES

This paper investigates the relationship between elementary school quality, as assessed through standardized test scores and ratings, and residential property values in Palm Beach County, Florida. Multiple regression analysis found a strong positive connection between these two variables. Our results indicate that a one-point increase in school rating would lead to an estimated $7,100 increase in property value; this signals a tangible appreciation for higher-quality schools. All the houses examined were bought in 2019, providing a current Palm Beach County housing market analysis. The relevance of our findings cannot be overshadowed: it is essential for realtors and homeowners to comprehend the link between school quality and property values so they can make better choices about allocating resources efficiently and selecting suitable homes when buying that will benefit their children’s future.