Don’t have kids in school? You should still consider buying a home in a great school district to help keep your resale value high. Realtor.com® released the results of a new study which identifies the price premium homebuyers are willing to pay for a home in a strong public school district.
In their study, Realtor.com® compared homes located in school districts which held ratings of 9 or 10 on the GreatSchools.org 10 point scale to homes located in districts which rated 6 or less. Not surprisingly, the results showed that homes located in the higher rated districts brought a higher sale price, but I was surprised to see just how significant that difference could be – on average, 49 percent more expensive – at $400,000 – than the national median of $269,000 and 77 percent more expensive than schools located within the boundaries of the lower ranked districts with a median of $225,000. In addition, home located in the better school districts sell more quickly.
We are fortunate that the Forsyth County school districts rate high on the scale which help keep our property values at a premium. Of course, even in our area, some schools do better than others. Here’s an easy way to see how your Forsyth County schools compare.
You have questions about your homes value? Please feel free to reach out to me directly. I would be happy to provide you a FREE market analysis that will give you the information that you need.
This Cumming GA Real Estate blog is hosted by Gayle Barton of BERKSHIRE HATHAWAY HomeServices Georgia Properties.
I specialize in Real Estate sales in the following Forsyth County and North Fulton County cities: Cumming, Suwanee, Alpharetta, Milton and Johns Creek. Other north metro-Atlanta suburbs are serviced by request, so please call.
Disclaimer: Information contained in this post is deemed reliable on the date of publication, but it is not guaranteed and it is subject to change without notice. All content, including text, original art, photographs and images, is the exclusive property of Gayle Barton and may not be used without expressed written permission.