National study: Good schools a key to home values
Not that it comes as much of a surprise, but another national study has confirmed what advocates for maintaining school intregration in Wake County have been saying for years: good schools drive up home values.
According to the Brookings Institution as reported by CNN: “Home values are $205,000 higher, on average, in neighborhoods with high-scoring public schools versus schools with low scores.”
In other words, Wake County’s longstanding reputation as being a place in which “there are no bad schools” is an enormous boon to real estate values and overall economic wellbeing throughout the county. To the extent the powers that be (like Superintendent Tata and the Raleigh Chamber of Commerce) continue allow the gradual re-segregation of schools by income, they are sure to bring about a widespread decline in home values in many areas and a rapidly expanding gap between various sections of the county.