The Impact of Local Schools on Home Values

May 18, 2023

When it comes to buying a home, there are a multitude of factors that can influence a buyer’s decision. One of the most
significant factors is the quality of the local schools. In fact, it’s not uncommon for families to choose a neighborhood
specifically because of the reputation of the nearby schools.
But what exactly is the impact of local schools on home values? In this article, we will explore the relationship between
local schools and home values and examine some of the ways in which schools can impact the real estate market.
Why local schools impact home values
Local schools can have a significant impact on the value of homes in the surrounding area. This is largely due to the fact
that schools are a key consideration for families with children when they are searching for a place to live. When schools
have a good reputation and are known for their high quality of education, it can attract families who are willing to pay a
premium to live in the area. As a result, homes in these areas tend to sell at higher prices and appreciate in value more
quickly than homes in areas with less highly regarded schools.
Another way that schools can impact home values is through property taxes. Areas with highly rated schools often have
higher property tax rates to support the school system. While this may seem like a disadvantage for homeowners, it can
actually work in their favor. That’s because the revenue generated from these property taxes is often used to improve the
school system, which can in turn further enhance the reputation of the local schools and the desirability of the area. This
can lead to an increase in demand for homes in the area, driving up home values even further.
What to look for in local schools
When considering moving to an area, there are several key factors to consider when evaluating the quality of local schools.
Here are some things to look for:
● Academic Performance: Look for schools with high test scores, graduation rates, and college acceptance rates.
You can check these statistics online or by contacting the school directly.
● Reputation: Ask around and see what others in the community think about the school. Do they have a positive or
negative reputation? What are the school’s strengths and weaknesses?
● Extracurricular Activities: Look for schools that offer a wide range of extracurricular activities, such as sports,
clubs, music, and arts programs. These activities can enhance a child’s educational experience and provide
valuable opportunities for socialization.
● Teacher Quality: Look for schools with experienced and qualified teachers who are passionate about teaching and
have a track record of success.
● Class Size: Research the average class size at the school. Smaller class sizes can provide more individualized
attention and a better learning environment for students.
● Facilities: Check out the school’s facilities, including the condition of the classrooms, gymnasium, library, and other
● Location and Transportation: Consider the location of the school and the transportation options available. Is the
school easily accessible by car, bus, or other means of transportation? How far is it from your home?
By taking these factors into consideration, you can make an informed decision about the quality of local schools and how
they may impact your decision to move to a particular area.
Are you looking for a real estate agent in Massapequa? The Kim Holland Homes team is the #1 real estate team on Long
Island. Contact us or call Kim today at 516-236-6303 to start the process of finding your dream home.