diff --git a/src/Microsoft.OpenApi/Validations/Rules/OpenApiSchemaRules.cs b/src/Microsoft.OpenApi/Validations/Rules/OpenApiSchemaRules.cs
index eff687253..b062741b2 100644
--- a/src/Microsoft.OpenApi/Validations/Rules/OpenApiSchemaRules.cs
+++ b/src/Microsoft.OpenApi/Validations/Rules/OpenApiSchemaRules.cs
@@ -1,4 +1,4 @@
-// Copyright (c) Microsoft Corporation. All rights reserved.
+// Copyright (c) Microsoft Corporation. All rights reserved.
 // Licensed under the MIT license. 
 
 using System.Collections.Generic;
@@ -17,7 +17,8 @@ namespace Microsoft.OpenApi
     public static class OpenApiSchemaRules
     {
         /// <summary>
-        /// Validates Schema Property has value
+        /// Validates that each property defined in a schema's properties dictionary has a non-null schema value.
+        /// When a property entry value is null, reports a validation error with a JSON pointer anchored under the properties segment.
         /// </summary>
         public static ValidationRule<IOpenApiSchema> ValidateSchemaPropertyHasValue =>
             new(nameof(ValidateSchemaPropertyHasValue),
@@ -28,6 +29,7 @@ public static class OpenApiSchemaRules
                         foreach (var property in schema.Properties
                                      .Where(entry => entry.Value is null))
                         {
+                            context.Enter(OpenApiConstants.Properties);
                             context.Enter(property.Key);
                             context.CreateError(nameof(ValidateSchemaPropertyHasValue),
                                 string.Format(SRResource.Validation_SchemaPropertyObjectRequired,
@@ -35,6 +37,7 @@ public static class OpenApiSchemaRules
                                         ? schemaReference.Reference.Id
                                         : string.Empty, property.Key));
                             context.Exit();
+                            context.Exit();
                         }
                     }
                 });
diff --git a/test/Microsoft.OpenApi.Tests/Validations/OpenApiSchemaValidationTests.cs b/test/Microsoft.OpenApi.Tests/Validations/OpenApiSchemaValidationTests.cs
index 7f5cd47e2..c0ecc7888 100644
--- a/test/Microsoft.OpenApi.Tests/Validations/OpenApiSchemaValidationTests.cs
+++ b/test/Microsoft.OpenApi.Tests/Validations/OpenApiSchemaValidationTests.cs
@@ -1,9 +1,10 @@
-// Copyright (c) Microsoft Corporation. All rights reserved.
+// Copyright (c) Microsoft Corporation. All rights reserved.
 // Licensed under the MIT license.
 
 using System;
 using System.Collections.Generic;
 using System.Linq;
+using System.Net.Http;
 using System.Text.Json.Nodes;
 using Xunit;
 
@@ -209,7 +210,7 @@ public void ValidateNullProperty()
             Assert.NotEmpty(validator.Errors);
             Assert.Equivalent(new List<OpenApiValidatorError>
             {
-                new OpenApiValidatorError(nameof(OpenApiSchemaRules.ValidateSchemaPropertyHasValue),"#/schemas/schema1/property1",
+                new OpenApiValidatorError(nameof(OpenApiSchemaRules.ValidateSchemaPropertyHasValue),"#/schemas/schema1/properties/property1",
                     string.Format(SRResource.Validation_SchemaPropertyObjectRequired,
                         string.Empty, "property1"))
             }, validator.Errors);
@@ -557,6 +558,146 @@ public void ValidateSchemaDiscriminatorChecksOneOfAnyOfAndAllOf()
             Assert.Empty(validator.Errors);
         }
 
+        [Fact]
+        public void ValidateSchemaPropertyHasValueShouldReportErrorWithPropertiesPath()
+        {
+            // Arrange
+            var schema = new OpenApiSchema
+            {
+                Type = JsonSchemaType.Object,
+                Properties = new Dictionary<string, IOpenApiSchema>
+                {
+                    ["id"] = new OpenApiSchema { Type = JsonSchemaType.Integer },
+                    ["name"] = null!
+                }
+            };
+
+            // Act
+            var validator = new OpenApiValidator(ValidationRuleSet.GetDefaultRuleSet());
+            var walker = new OpenApiWalker(validator);
+            walker.Walk((IOpenApiSchema)schema);
+
+            // Assert
+            var error = Assert.Single(validator.Errors);
+            Assert.Equal(nameof(OpenApiSchemaRules.ValidateSchemaPropertyHasValue), error.RuleName);
+            Assert.Equal("#/properties/name", error.Pointer);
+        }
+
+        [Fact]
+        public void ValidateSchemaPropertyHasValueWithMultipleNullPropertiesShouldIncludePropertiesSegmentForEach()
+        {
+            // Arrange
+            var schema = new OpenApiSchema
+            {
+                Type = JsonSchemaType.Object,
+                Properties = new Dictionary<string, IOpenApiSchema>
+                {
+                    ["first"] = null!,
+                    ["valid"] = new OpenApiSchema { Type = JsonSchemaType.String },
+                    ["second"] = null!
+                }
+            };
+
+            // Act
+            var validator = new OpenApiValidator(ValidationRuleSet.GetDefaultRuleSet());
+            var walker = new OpenApiWalker(validator);
+            walker.Walk((IOpenApiSchema)schema);
+
+            // Assert
+            var errors = validator.Errors.ToList();
+            Assert.Equal(2, errors.Count);
+            Assert.All(errors, e => Assert.Equal(nameof(OpenApiSchemaRules.ValidateSchemaPropertyHasValue), e.RuleName));
+            Assert.Contains(errors, e => e.Pointer == "#/properties/first");
+            Assert.Contains(errors, e => e.Pointer == "#/properties/second");
+        }
+
+        [Fact]
+        public void ValidateSchemaPropertyHasValueInDocumentComponentsShouldReportFullPointer()
+        {
+            // Arrange
+            var document = new OpenApiDocument
+            {
+                Info = new OpenApiInfo { Title = "Test API", Version = "1.0.0" },
+                Components = new OpenApiComponents
+                {
+                    Schemas = new Dictionary<string, IOpenApiSchema>
+                    {
+                        ["User"] = new OpenApiSchema
+                        {
+                            Type = JsonSchemaType.Object,
+                            Properties = new Dictionary<string, IOpenApiSchema>
+                            {
+                                ["nullProp"] = null!
+                            }
+                        }
+                    }
+                }
+            };
+
+            // Act
+            var validator = new OpenApiValidator(ValidationRuleSet.GetDefaultRuleSet());
+            var walker = new OpenApiWalker(validator);
+            walker.Walk(document);
+
+            // Assert
+            var error = Assert.Single(validator.Errors);
+            Assert.Equal(nameof(OpenApiSchemaRules.ValidateSchemaPropertyHasValue), error.RuleName);
+            Assert.Equal("#/components/schemas/User/properties/nullProp", error.Pointer);
+        }
+
+        [Fact]
+        public void ValidateSchemaPropertyHasValueInOperationResponseShouldReportFullPointer()
+        {
+            // Arrange
+            var document = new OpenApiDocument
+            {
+                Info = new OpenApiInfo { Title = "Test API", Version = "1.0.0" },
+                Paths = new OpenApiPaths
+                {
+                    ["/items"] = new OpenApiPathItem
+                    {
+                        Operations = new Dictionary<HttpMethod, OpenApiOperation>
+                        {
+                            [HttpMethod.Get] = new OpenApiOperation
+                            {
+                                Responses = new OpenApiResponses
+                                {
+                                    ["200"] = new OpenApiResponse
+                                    {
+                                        Description = "OK",
+                                        Content = new Dictionary<string, IOpenApiMediaType>
+                                        {
+                                            ["application/json"] = new OpenApiMediaType
+                                            {
+                                                Schema = new OpenApiSchema
+                                                {
+                                                    Type = JsonSchemaType.Object,
+                                                    Properties = new Dictionary<string, IOpenApiSchema>
+                                                    {
+                                                        ["missingSchema"] = null!
+                                                    }
+                                                }
+                                            }
+                                        }
+                                    }
+                                }
+                            }
+                        }
+                    }
+                }
+            };
+
+            // Act
+            var validator = new OpenApiValidator(ValidationRuleSet.GetDefaultRuleSet());
+            var walker = new OpenApiWalker(validator);
+            walker.Walk(document);
+
+            // Assert
+            var error = Assert.Single(validator.Errors);
+            Assert.Equal(nameof(OpenApiSchemaRules.ValidateSchemaPropertyHasValue), error.RuleName);
+            Assert.Equal("#/paths/~1items/get/responses/200/content/application~1json/schema/properties/missingSchema", error.Pointer);
+        }
+
         private static OpenApiSchema CreateSchemaChain(int depth, string discriminatorName)
         {
             var root = new OpenApiSchema();