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.

One Comment

  1. JeffS

    April 21, 2012 at 3:36 pm

    No one who has toured all of the schools available to them would conclude that there are “no bad schools” in the county.

    The choice-hoax plan is a nightmare for anyone thinking of buying a house in the county. The odd thing is, that the parents who were originally speaking up for change (with some of them ending up on the school board that approved this plan) wanted their home address to determine their school. I find it odd that we have moved further away from that concept than we were originally.