The Value Of Owning In A Good School District
The quality of the local school system has traditionally been a major factor in buying a house. But just how much are good schools worth to a home’s value?
Using scores from GreatSchools.org, Realtor.com found that homes in higher-rated public school districts are 49 percent more expensive than the national median, and 77 percent more expensive than homes located in lower-ranked districts in the area. That could be a difference of $131,000 when compared to the median and $175,000 compared to the low-end schools.
Realtor.com also found the school districts with the highest premium, which included districts in the suburbs of Los Angeles, Chicago, and Cincinnati.
Sign up for Pro Builder Newsletters
Get the latest news and updates.