As the new school year nears, parents are making challenging choices about educational environments, often resulting in relocations to areas with excellent schools. A Realtor.com report shows that school quality heavily influences housing markets. Popular districts with average ratings of 8 or higher see a median list price of $1.21 million, a 135% increase from nearby areas. In Texas, Carroll Independent School District features the highest price premium of 391%, making it the most expensive district nationally. The Dallas area is experiencing a surge in housing inventory, with active listings reaching a decade peak and causing a 2.2% decrease in median prices.
High-performing school districts see significant price increases, with popular districts commanding median prices of $1.21 million, reflecting a 135% rise over surrounding areas.
In Southlake, Texas, the Carroll Independent School District represents the most expensive area, with a 391% premium leading to an average price of $1.7 million.
The Dallas metro area is facing a surplus of housing inventory as active real estate listings reach a 10-year high, contributing to a 2.2% drop in median listing prices.
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