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Living Near Top Schools May be More Affordable than Buyers Think

Atlanta (Aug. 28, 2018) – According to the real-estate experts at RE/MAX Georgia, purchasing a home in a quality school district is almost always near the top of buyer wish lists. In addition to the promise of a good education, homes located near well-rated schools tend to increase in value over time, making it a solid investment.

RE/MAX is not alone in this assessment. The 2018 National Association of Realtors Profile of Home Buyers and Sellers found that 40 percent of buyers aged 37 and younger rank school quality as a factor influencing their home-buying decisions. Also, a recent realtor.com survey of people who closed on a home this year found that 73 percent said buying in a good school district was “important” in their search.

Even for homebuyers without young children, school quality should be a consideration. Great schools often mean great neighborhoods, according to RE/MAX. Often there’s a correlation between high-performing school districts and safer communities, better shopping and transportation and great public amenities like parks. All of these factors increase the desirability of the neighborhood, which translates to higher home values and a better deal for the buyer when it’s time to sell.

But, what exactly does it take to purchase a home near a top school? RE/MAX Georgia recently examined the latest rankings from Niche to determine the best school districts in the Atlanta area. RE/MAX Georgia then analyzed the current median home sale price for each of these communities. The following are the findings according to their ranking:

Niche Ranking School District City July Median

Home-Sale Price

1 Buford City Schools Buford, Ga. $298,800
2 Forsyth County Schools Cumming, Ga. $354,611
3 Decatur City Schools Decatur, Ga. $262,500
4 Bremen City Schools Bremen, Ga. $154,000
5 Fayette County Public Schools Fayetteville, Ga $439,835
6 Carrollton City Schools Carrollton, Ga. $148,200
7 Cobb County Schools Marietta, Ga. $328,500
8 Cartersville City Schools Cartersville, Ga. $192,900
9 Cherokee County Schools Canton, Ga. $301,250
10 Gwinnett County Public Schools Lawrenceville, Ga. $238,000

“The good news for buyers is that buying a home in a top district doesn’t have to break your budget. There are a wide variety of price points available,” said John Rainey, vice president, RE/MAX Georgia. “Buyers need to think long-term about their purchase and homes near good schools tend to hold their value, even in times when the housing market is slower.”

About RE/MAX Georgia

A leader in Georgia real estate, RE/MAX Georgia knows the local markets – from Metro Atlanta, Northeast Georgia and Augusta to Savannah, Albany and Columbus. With more than 1,300 sales associates and 100 offices throughout the state, RE/MAX Georgia has helped thousands of Georgia families with their home buying and selling needs. For more information, visit www.remax-georgia.com. 

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