Based on the microcosmic transaction data of 33 primary schools around main urban area of Nanjing, drawing on the boundary fixed effect method, this paper sets the school district and the non-school district 146 samples of "cell pair" as the experiment group and the control group. In the empirical aspect, based on the function price model, we take price and rent as the explanatory variables, from the point of view of differential regression method and the regression analysis, we find that the key school will bring a premium of 14.12% to the surrounding second-hand housing. Then, by the regression of the samples from different grades of primary schools, we found that the provincial and non-provincial school district housing premium were 18.69% and 10.81% respectively. We suggest that under the present educational system, the government should devote to formulate a reasonable distribution mechanism of educational resources, enhance the competitive strength of weak schools. Parents should also break the shackles of traditional thinking and take all things in consideration when choosing a school, rather than just take the school district as a chip for accepting the outstanding educational resources.