It's well known that homes in good school districts sell for a premium—and are a good investment for buyers with or without children. But just how much can you expect to top up that listing price or bid? And what are the top school districts where people are rushing to buy homes—regardless of the cost?
The economic research team atrealtor.com®took up the challenge and dived into the data. The team compared homes in school districts rated 9 or 10, the highest score, byGreatSchools.org with homes in nearby districts rated 6 or less.
“It’s common knowledge that buyers are often willing to pay a premium for a home in a strong school district,” saysJavier Vivas, research analyst for realtor.com. “Our analysis quantifies just how good it is to be a seller in these areas."
It turns out, homes in the higher-rated public school districts are, on average, 49% more expensive—at $400,000—than the national median of $269,000, and 77% more expensive than schools located in lower-ranked districts in their own area, with a median of $225,000.
Plus, homes in higher-rated school districts sell an average of eight days faster than homes in below-average school districts, and four days faster than the national average.
People are more interested in homes in good school districts, too—they're viewed 26% more, on average, than the average home on realtor.com, and 42% more than homes in areas with below-average schools.
Author:Peggy ONeill Phone: 561-827-6672 Dated: April 29th 2017 Views: 93 About Peggy: ...
View our latest blog posts in your RSS reader. Click here to access.
We are a full service real estate brokerage with over 100 agents to serve you. Let us be your real estate resource. Regardless whether you need to buy or sell now, or sometime in the future, let us help you. We are no pressure and will always try and help. Contact us at 561-792-3948 now.
By the way children have a major say in home buying. Almos
"Thu, May 19, 2016
Joseph Schneider went above and beyond the capacity of a realtor. He facilitated in making the process of us purchasing our first home less stressful because of his knowledge and experience. Joseph made sure that every aspect of our transaction was handled in a professional and timely manner. Whatever we asked for in our search for the perfect home, he made sure that he did his due diligence. Joseph was referred to us and we would most definitely refer him to anyone who is looking to purchase or sell a home."