Studying On School District Housing Price Valuation Based On Hedonic Price Method

School district housing refers to the real estate that enables the children of the family members of the house purchasers to enter the key primary schools or key middle schools without examination in accordance with the principle of nearby enrollment.With the improvement of residents' living standards,people pay more and more attention to children's education.Every parent hopes that their children can get high-quality education resources.Public high-quality educational institutions belong to local public goods,Which are often limited in supply and restricted by regions.In many parts of China,the policy of "no entrance examination nearby" is implemented,resulting in the shortage of school district housing.So the school district housing prices of key primary schools are higher than those of non school districts.Therefore,the thesis of this paper is how the housing of key primary schools in Nanchang affects the housing price.It not only enriches the methods of housing price evaluation,but also is conducive to the sharing of basic education resources in China,and better achieve equity.In view of the housing premium of Nanchang School District,this paper discusses whether the school district housing has a significant impact on the housing price.Taking98 buildings around Zhanqian Road Primary School in Nanchang City as samples,37 are enrolled and 61 are not enrolled.Expanding the three index variables that affect the housing price to four index variables,and taking the enrollment quota as the index variable alone.Using Hedonic price method,using spss25 software to do multiple linear regression analysis.It is found that the school district housing has a significant impact on the housing price,and the school district housing has the greatest impact on the housing price.Combined with the final housing price regression equation,it is found that when other characteristic variables are controlled.The unit price of the housing with enrollment qualification of the school is 1564.971 yuan higher than that of the housing without enrollment qualification of the school.Four residential samples around the school were randomly selected to test the model.And SPSS25 software was used to predict the time series.it was found that there was little difference between the predicted value and the actual value,and the prediction deviation rate was very low,which indicated that the accuracy of the evaluation value obtained by the characteristic price method was very high.Therefore,the evaluation method is feasible to evaluate the school district housing price.First of all,this paper uses Hedonic price method to study the influence of schooldistrict housing on the house price.Which overcomes the limitation of the index variable quantification of the traditional evaluation method.This evaluation method can get more accurate and objective evaluation results.Secondly,the price function expression obtained by this evaluation method is easier to understand and operate than the general evaluation method,which enriches the evaluation method of housing price.Finally,the evaluation method also gives some enlightenment to other asset fields.