When it comes to finding the perfect home, several key factors influence the decision: price, location, amenities, safety, and, for many families—including those we've assisted in relocating from across the country—the quality of the school district. Homebuyers with children or those who intend to grow their families in the future often prioritize good schools which drives up demand and property values in those areas.

In fact, 30% of buyers between the ages of 33-42 say the school district is a top factor when choosing their neighborhood (NAR). In this article, we'll explore how school districts influence real estate prices and what it means for you.

MORE HOMEBUYERS WITH CHILDREN ARE ENTERING THE MARKET

More than 50% of millennials are now homeowners (US Census), meaning there has been a significant increase in families entering the market. As more young families move into a specific area, the demand for homes in good school districts rises. This increased demand often leads to higher home prices. It’s a simple case of supply and demand.

homebuyers look at school ratings

Ever heard of Niche.com or GreatSchools.org? Sites like these are used by millions of homebuyers each year when on the hunt for a new home. This is because these sites display school ratings, SAT scores, teacher to student ratios, graduation rates and other district-related data that play a crucial role in their decision-making process.

These ratings have a significant impact on buyer behavior as families are drawn to districts with high ratings, believing they offer superior education and safer environments for their children.

Great schools mean great home values. According to a recent article by Realtor.com, homes located in top-performing districts tend to sell up to 8 days faster. Families want the best education for their kids, so homes in top-notch school districts are in high demand—ultimately driving up property values. It’s all about ensuring kids get the best start in life!

Additionally, properties in these areas are often seen as solid long-term investments. The value of homes in top-rated school districts typically appreciates steadily, offering financial security. Moreover, well-rated schools enhance the overall reputation of a community, further boosting demand.

the convenience of proximity

Living close to a school is a huge plus for busy families, as balancing personal needs and investment potential go hand in hand. Easy access to schools means less time commuting and more time together. This convenience makes neighborhoods with nearby schools more desirable, which bumps up home values.