Whether you have kids or not, research shows that it pays to live in a good school district. Analysis byRealtor.comfound that homes in the country's top-rated school districts are viewed more often, sell faster and sell for more money than other homes.
Homes in school districts rated 9 or 10 on a 10-point scale byGreatSchools.orgwere viewed, on average:
26 percent more than the average home posted on Realtor.com.
42 percent more than homes in lower-rated districts.
Homes in these top-rated school districts sold in an average of 58 days, which is:
4 days faster than the national median.
8 days faster than homes in lower-rated districts.
Homes in these districts listed for an average of $400,000, which is:
49 percent more than the national median list price ($269,000).
77 percent more than the median list price of homes in lower-rated districts ($225,000).
"To put this in perspective," analysts said, "our findings show that, in most markets, families are willing to pay more for a highly ranked school than an extra bedroom, a shorter commute, and even big home features such as a swimming pool, higher ceilings, sport courts, and even a private dock."
Top 10 School Districts that Command Highest Home Prices
In these school districts, homes command the highest price premiums compared with homes in the rest of the same county, ranging from 478% to 688% more.
Beverly Hills Unified School District, Los Angeles County, CA (688% more)
Highland Park Independent School District, Dallas County, TX (632% more)
Kenilworth School District No. 38, Cook County, IL (606% more)
Indian Hill Exempted Village School District, Hamilton County, OH (600% more)
Amagansett Union Free School District, Suffolk County, NY (545% more)
Winnetka Public Schools District 36, Cook County, IL (521% more)
Manhattan Beach Unified School District, Los Angeles County, CA (520% more)
Scarsdale Union Free School District, Westchester County, NY (516% more)
Rancho Santa Fe Elementary School District, San Diego County, CA (492% more)
Saddle River School District, Bergen County, NJ (478% more)
Author:Kelli-Ann Henry Phone: 917-742-8547 Dated: November 8th 2016 Views: 161 About Kelli-Ann: ...
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