How Do School Districts Impact Home Values?
School districts have a major impact on home values, so today let’s review a few resources that will help you understand the education system in our area.
It’s hard to believe that the school year is starting up already, but now that it’s arrived, it’s the perfect time for us to discuss how school districts and their rankings relate to real estate—more specifically, home values.
Here in our Madison area, we’re very lucky to have great school districts. This is especially beneficial given how many homebuyers in our area have school-aged children.
Even if you don’t have children in school, local school districts will play a massive role in your real estate experience here in Madison.
Buying a home located within a top-notch school district, for example, will be more expensive. However, it’s important to consider the long-term benefits of such a move. Not only do home values in such school districts remain steady even during market downturns, but homeowners living in high-quality districts can also enjoy higher appreciation rates and resale values than those in less acclaimed school districts.
But where do you find information about local schools to begin with? For starters, check out our website: www.KeelingHomes.com. There, you can find school rankings by district and even by neighborhood.
For more information, you can also visit www.education.com and www.greatschools.com. Both of these sites will help you determine how schools in our area stack up against one another. These sites even have teacher demographic statistics and parent reviews, so that you can get a better idea of what to expect from each school. Finally, www.citydata.com is another good place to look.
Of course, our team would be happy to help you arrange school tours, gather data about various districts, and take any other necessary steps in understanding what to expect from our local education system. If you have any other questions about local school districts, home values, or anything else, feel free to give us a call or send us an email. We look forward to hearing from you soon.