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How great school districts boost home prices

How Good School Districts Help the Local Economy and Real Estate Pricing / from CBS News / Allerton Hill Consulting for School Communications

August 17, 2016

“You’ve heard that location is the most important thing to consider when buying a home? New research says that may be true only if that location happens to be in a good school district. Homes in the best districts sell faster and for nearly 50 percent more than the average house.

A study by Realtor.com looked at all open real estate listings at the end of July and compared listing prices in school districts that commanded the top two ratings from GreatSchools.org. The result was noteworthy.

Homes in great school districts — ranking a 9 or 10 on Great School’s 10-point scale — commanded an average price of $400,000 compared with the national median price of $269,000. Homes in poor school districts sold at a near 16 percent discount to the national median price, or $225,000 on average, according to the study.”

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