Seattle Home Value Increases by Nearest School
From the Puget Sound Business Journal : Seattle-based online real estate company Redfin undertook a study to find out about the correlation between highly-ranked schools and local real estate prices and found out in Seattle, a highly-ranked school nearby can add to a home's value by more than $40,000. "When accounting for size, on average, people pay $50 more per square foot for homes in top-ranked school zones compared with homes served by average-ranked schools ... While we expected to see higher prices for homes in highly-ranked school zones, we didn’t expect the difference to be so large," Redfin said in a statement . The map is showing a home in Wedgwood versus John Rogers. From the Redfin blog : In the United States, housing prices in the zones of highly ranked public schools are remarkably higher than those served by lower ranked schools. Everyone assumes that better school districts tend to have bigger homes, higher quality homes, larger ...