Good schools help home buyers determine where they want to focus their property searches. Families want neighborhoods with an excellent quality of life where they can ensure their children receive the best education possible….BUT good schools are not just a benefit to those homeowners with young children! According to the recently released ATTOM Data Solutions 2016 Schools and Housing Report, homes in zip codes that contain at least one highly ranked elementary school have home values 77 percent higher than homes in zip codes without one!!!
To find these results, ATTOM Data Solutions examined almost 19,000 elementary schools across the nation in 4,435 zip codes. Elementary schools were defined as “good” if their 2015 average test scores were at least one-third above the respective state average. This data was then analyzed alongside the 2016 home values and price appreciation in the local area.
As of July 2016, the average estimated home value was $427,402 in 1,661 zip codes with at least one good school. This is compared to the average estimated home value of $241,096 in the 2,774 zip codes without a good school. That’s a difference of 77%!
Homes in zip codes with good schools also provide a good long term investment for owners. The study found that homeowners residing in such zip codes had...on average...a 32 percent return on their investment! Over the past decade, home appreciation values have been far more volatile in those zip codes without any good schools.
Looking for a home in a neighborhood with a great school in the Houston area?! With several local districts ranking as the best school districts in Texas (according to website Niche)…..it’s incredibly easy to do!!
Friendswood Independent School District is ranked #14 in Texas. With a graduation rate of 98%, it’s no surprise that this district is considered to have the 8th best academics in the state! Current Home Listings in Friendswood.