"Most parents are willing to go the extra mile for their kids, no matter the extra cost. This is especially true when it comes to education. For many parents, the quality of local schools is a top priority and a big factor in homebuying decisions. Often, getting into the best schools also means paying a premium to live in the district."
"The study focused on districts with at least 100 homes for sale during this period, and at least one nearby public school rated 8 or higher by the nonprofit website GreatSchools. Realtor.com found that while the nation's top-rated school districts are spread across the country, many share one thing in common: homeowners in these districts pay much more for a typical home than those in the surrounding metro."
"Carroll Independent School District (CISD), serving the Dallas suburbs of Southlake and Grapevine, ranks among the top school districts and has the steepest premium. Homeowners there pay an eye-popping $2,159,833 for a typical home, a 390.9% premium, or $1,718,866 more than other homes in the metro. "Our data shows families are making trade-offs - sometimes paying a significant premium for top-rated districts, and other times prioritizing value in areas that still offer strong academics," said Danielle Hale, chief economist at Realtor.com."
Analysis of out-of-market listing views between May and July 2025 across the 50 largest US metros identified the most popular school districts for families. The review limited inclusion to districts with at least 100 homes for sale and at least one nearby public school rated 8 or higher by GreatSchools. Results show many top-rated districts demand large price premiums: 27 of 50 most sought-after districts had median listings averaging $1.21 million, about 135% higher than surrounding metros. Carroll Independent School District showed the largest premium, with a typical home at $2,159,833, a 390.9% premium.
Read at Business Insider
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