While the old real estate adage may have been, “location, location, location,” perhaps today’s real estate motto should be, “education, education, education,” as high-ranking school districts have been increasingly hitting home buyer’s wish lists.
A recent study by the National Association of Realtors (NAR) found that 26 percent of home buyers considered the quality of schools when looking for a new home. Schools aren’t the only determinant of home prices—safety, commute times, jobs, and housing inventory all play a part in any market. But a good home in a good school district can fetch a higher price, and also hold a better resale value than a similar home in a less-stellar district.
“Economists have estimated that within suburban neighborhoods, a 5 percent improvement in test scores can raise prices by 2.5 percent,” reports the New York Times.
We've curated a list of over 200 homes for sale in Greater Boston that hold a 9 or higher GreatSchools.org ranking. Check out the list below!
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