Education has always been valued by South Korean society and competition for education in Korea has always been heated. Despite the tremendous economic and social inputs of public and shadow education, few studies have taken both into consideration. This thesis applied spatial two-stage least square model to investigate the full landscape of housing valuation of education quality during middle school stage. It is concluded that 1)secondary education is capitalized into housing prices in Seoul and Gyeonggi-do; 2) Seoul homeowners can pay substantially more for additional education resources than Gyeonggi-do; 3) public and shadow education are equivalently valued across the Seoul Metropolitan Area.