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capital improvements have been made, which will be a stronger selling point to buyers <br />considering the school district. <br />Is it OK to Buy a Home in a Not so Good School District? <br />When determining where to buy a home, it is advised to look at the bigger picture. What <br />are other aspects of your ideal home you hope to find in addition to a good school district? <br />Is having a big backyard important to you? What about bedroom count? Do you want to <br />be within close proximity to work? <br />Oftentimes, buyers become so consumed with the thought of needing to be in a good <br />school district that they lose sight of other aspects of the home they would like. For <br />example, if four-bedroom homes with ample square footage, outdoor space, and close <br />proximity to your office are well above what you can afford in a good school district, it may <br />best to look at less desirable school districts and consider putting your children in private <br />school. Although many private schools are extremely expensive, they may be less than <br />the cost of living in an affluent school district. Just to put that into perspective, let’s say <br />private school tuition for your two children is $25,000 per year. If you multiply that by <br />thirteen years, which is the time most children are in school (from ages 5 through 18), the <br />total comes to $325,000. And, while that is a hefty price to pay for children’s education, do <br />a comparison between that total and the amount you would spend to be in a good school <br />district. Consider the price of the home itself, taxes, etc. Is there a significant difference? It <br />is also advised to consider the sacrifice you will make to live in that school district. Will it <br />mean living in a significantly smaller home? Will you have to give up that spacious <br />backyard you would be able to get in a different school district? Will it make your commute <br />time to work much longer? Depending on the circumstances, it may be worth it to move to <br />a lower school district and consider putting the kids in private school. <br />How do I Find the Median Home Price in a School District? <br />To find the median home price in a school district, take all property sale prices in that <br />school district and put them in order from lowest to highest. Then, look at the number in <br />the middle of the list. That number is the median price for homes in that school district. In <br />other words, it’s the middle number. <br />Here’s an example: <br />Let’s say there are 800 homes in the school district you’re considering. You would take the <br />prices that all 800 homes sold for, put them in a list in ascending order, and then look at