The purpose of this study is to analyze the temporal effects of school features on school district housing price by introduction of school district system in Tianjin, China from 2014 to 2016. The results of this study show as follows. First, the tendency of price decline is becoming clearer as longer distance from school district housing to elementary school and prestigious secondary (middle and high) schools. Second, school district grades and the grades of adjacent secondary schools are also continuously emphasized. Third, despite the fact that the distance from the secondary schools has become less important due to the introduction of the school district system, the influence of the distance has continued to increase. This can be seen as a reflection of psychological behaviors. Lastly, school features are found to be the most important factors for changing school district housing price in Tianjin city throughout the period before and after the introduction of the school district system. This study concludes that the introduction of the school district system has an important effect on the price change of school district housing in Tianjin, China.