How does the local school district affect your home's value? What determines a good school, anyway? I’ll answer all of these questions and more today.
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How does the local school district affect your home's value?
Neighborhoods with at least one good elementary school have greater home values and higher long-term home appreciation rates than neighborhoods without good schools.
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A good school has an overall test score that is 30% higher than the state average.
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What determines a good school? If a school has an overall test score that is at least 30% higher than the state average, then it is considered a good school.
While good schools are at the top of most home buyers’ checklists because they will improve the quality of life for their kids, you should be aware of the financial benefit of a good school as well. If you are interested in what our school districts are like, give me a call or send me an email. I would be glad to help you!
