Do schools affect my home value?
By Bob Millaway, South Jersey Community Expert & REALTOR®
Yes, significantly. Homes in highly rated school districts typically sell for 10 to 30 percent more than similar homes in lower-rated districts. School quality is one of the most important factors for buyers with children. Even buyers without children know they will have a larger pool of future buyers.
Why It Matters
Your local school district is one of the biggest factors in your home's long-term value. It can raise or limit appreciation regardless of home improvements.
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