Naturally, a lot of families or those thinking of having families, choose their next location based on where they would like their children to go to school.
While schools are becoming even more competitive with test scores, completion rates, technology, and resources, it makes the school choices even more overwhelming. It also begs the question 'do schools affect the home values in a neighborhood?'.
A report titled, “Using Market Valuation to Assess Public School Spending,” found that for every dollar spent on public schools in a community, home values increased $20. These findings indicate that additional school expenditures may benefit everyone in the community, whether or not those residents actually have children in the local public school system.
Read more about the correlation between the quality of schools and home values in this article, and reach out to Dana for any questions pertaining to your neighborhood or school district!