For potential home buyers with families, one of the most important questions they ask is “how is the school system”? Homes.com discusses the affect school districts have on home prices:
“Conversations about schools and their effect on a home’s value are often of the “chicken or the egg” variety. Homes in the best school districts, on average, sell for higher prices than similar homes in less-popular school districts. A simple analysis might say that good schools are wholly responsible for this added value.
At the same time, on average, more affluent homeowners live in more sought-after school districts. Statistics often show that for large sample sizes, the more affluence there is in a community, the higher test scores will be in that same community. Test scores are just one measure of “good schools,” but they’re a highly quoted measure. There can be a self-reinforcing mechanism here that might overemphasize the effect of the school itself on the prices of those homes. One might even hypothesize that the high home prices make the schools better.
There’s plenty of information available at your fingertips, so get started with an online search to determine the school district, or even the specific school, you hope to send your child. Different websites offer test scores, rankings, and demographic information, including student diversity by race and gender, the percentage of students on free lunch programs, as well as the student-teacher ratio. You can use these statistics to develop an opinion of the schools and school districts you’re considering. Homes.com gives you an array of information on schools by location. You can search by both state and type to find out everything you need to know from student body count to the neighborhoods nearby.
Depending on the site, you can narrow down your search by location, test scores, and ranking, based on a variety of criteria such as grade levels or a focus in math and science. Websites like SchoolDigger.com allow you to compare schools and read reviews and ratings from other parents as well. Here on Homes.com we have a school section where you can search private and public schools from kindergarten through twelfth grade, including elementary schools, middle schools, junior high schools and senior high schools throughout the United States.”