What is the impact of school districts on home values?
By Bob Millaway, South Jersey Community Expert & REALTOR®
School district quality is one of the most powerful drivers of home values. Homes in top-rated school districts can sell for 10 to 30 percent more than comparable homes in neighboring districts with lower ratings. Strong schools attract more buyers, create steady demand, and help homes hold their value better during market downturns. Even buyers without children value this resale advantage.
Why It Matters
Your home's school district can raise or limit its appreciation more than any renovation you could do. It is a long-term value anchor.
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