09/16/2024
One of the biggest indicators of VALUE when people sell their homes...
It’s the school district!
Homes in sought-after school districts are \*always\* in demand.
It makes sense why:
1) School quality and reputation
Great schools attract families with school-aged children. 42% of buyers ages 31-41 — those most likely to have young children — are influenced by school district quality.
2) Property values
Homes in high-performing suburban school districts are valued 49% higher than the national average.
3) Demand and market dynamics
Areas and neighborhoods in desirable schools experience higher demand, multiple offers and quicker sales — 8 days quicker on average.
4) Appraisal value
Appraisers consider nearby schools when assessing property value. A positive school reputation can support higher appraisals and market value.
5) Neighborhood stability
School quality adds to neighborhood stability, drawing long-term homeowners willing and ready to invest in the community.
Questions? Let’s connect - I’d love to show you what your home is worth.
Source: [School District Impact On Home Value | CrossCountry Mortgage](https://crosscountrymortgage.com/resource-center/school-district-impact-on-home-value)
[Home Appraisal: What It Is And Why It Matters](https://www.rockethomes.com/blog)
