Good schools help home buyers determine where they want to focus their property searches. Families want neighborhoods with an excellent quality of life where they can ensure their children receive the best education possible….BUT good schools are not just a benefit to those homeowners with young children! According to the recently released ATTOM Data Solutions 2016 Schools and Housing Report, homes in zip codes that contain at least one highly ranked elementary school have home values 77 percent higher than homes in zip codes without one!!!

 

To find these results, ATTOM Data Solutions examined almost 19,000 elementary schools across the nation in 4,435 zip codes. Elementary schools were defined as “good” if their 2015 average test scores were at least one-third above the respective state average. This data was then analyzed alongside the 2016 home values and price appreciation in the local area.  

 

As of July 2016, the average estimated home value was $427,402 in 1,661 zip codes with at least one good school. This is compared to the average estimated home value of $241,096 in the 2,774 zip codes without a good school. That’s a difference of 77%!

 

Homes in zip codes with good schools also provide a good long-term investment for owners. The study found that homeowners residing in such zip codes had...on average...a 32 percent return on their investment! Over the past decade, home appreciation values have been far more volatile in those zip codes without any good schools.

 

Looking for a home in a neighborhood with a great school in the Prescott area?! With several local districts ranking within the best 100 school districts in Arizona (according to website Niche)…..it’s incredibly easy to do!! All of these districts are recognized for their academic excellence, high graduation rates, top-notch teaching staff, and access to a variety of clubs & activities:

 

Humboldt Unified School District is ranked #58 in Arizona. Current Homes for Sale in Prescott Valley.

 

Prescott Unified School District is #65. Current Homes for Sale in Prescott.   

 

 

Chino Valley Unified School District is ranked #85. Current Homes for Sale in Chino Valley.

 

 

Let me help you find your dream home in one of these great school districts! Give me a call today or visit my website at Prescott Real Estate.

 

arizona realtor

Joe Karcie - RE/MAX Mountain Properties

731 W Gurley Street

Prescott, AZ 86305

(928) 776-7701

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Resource: RISMedia