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OWNING A HOME IN A GREAT SCHOOL DISTRICT CAN REALLY PAY OFF
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?
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.
Information Provided By: http://www.realtor.com/news/trends/top-school-districts-premium/
As an agent with EXIT Realty Cherry Creek, Sage specializes in helping buyers, sellers, and investors with real estate transactions in Aurora, Parker, Littleton, Lakewood and all around the Denver Met....
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