The local school tends to be an anchor for the community, but districts and schools graded highly by school rating websites usually are accompanied by neighborhoods with appreciating home values.
Caroline Kane, CEO of CKR Property Management, in Houston writes in Forbes:
It should come as no surprise that there is a positive correlation with housing values in neighborhoods with highly rated schools. Parents will pay a premium to live in an area with schools where their kids are most likely to succeed. Taking a glance at property values in the Spring Branch neighborhood confirms this trend. According to the one analysis of data from the Houston Association of Realtors MLS, home values in the Spring Branch neighborhood have increased an average of 65% in the last decade. Housing developers are already taking advantage of the increased value, as new development is coming to the area. A 246-unit multifamily residence is slated to break ground this fall, and hundreds of townhomes are up and running or under construction.