Influence of Elementary and Secondary Schools Demand on Apartments' Prices of Each Borough in Seoul

KIM, Kyung-MIn; Lee Euijun; PARK， Daekwon

doi:10.15793/kspr.2010.65..006

The special objective high schools and independent private schools have been prospered for a recent decade. Especially, the enrollments of the most prestigious colleges, including Seoul National, Yonsei, and Korea, are heavily depending on the graduates of those schools. Previously, the high schools of 8th district of Seoul were powerhouse of accounting for highest proportion among matriculated students of those colleges. Most researches on relating school districts and housing prices of Korea have not reflected current shift of the prosperity of choice high schools. As students and parents are able to choose prominent high schools regardless of their residential area, the influences of high school district are not significant as before. Through regression analysis, this paper finds that influx of elementary schools students makes impact on the rise of apartment price with statistical significance. Inflow of middle and high school students makes no statistical significance with opposition to common belief.

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