ATTOM Data Solutions (parent company of RealtyTrac) recently released their 2016 Schools and Housing Report, which shows that homes in zip codes with at least one good elementary school have higher values and stronger long-term appreciation than those in zip codes without any good elementary schools. The report analyzed data from nearly 19k elementary schools in over 4k zip codes with a combined 45.9 million single family homes & condos. A good school is defined as any with an overall test score at least one-third above the state average….Happy Friday!
“While good schools are one of the top items on most homebuyer checklists because of the quality-of-life benefit they provide, this report shows that high-performing schools also come with a financial benefit for homeowners in most markets — at least over the long term…..Meanwhile, home prices in zip codes without any good schools tend to be more volatile, which might work to a homeowner’s financial benefit in the short term but not over the long term of at least 10 years.” Said Daren Blomquist, senior vice president at ATTOM Data Solutions (parent company of RealtyTrac).
Click here to read the full report on RealtyTrac.
