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BUY (HTTPS://WWW.REALTOR.COM/ADVICE/BUY/) <br />How Much Do School Districts <br />Affect Real Estate Prices? <br />When people buy a home, a number of factors inuence their <br />decision. The look of the home, as well as its size, layout, age, <br />and proximity to amenities are all important, depending on the buyer. <br />The local school district is a factor with signicant inuence. We’ve <br />always known that good schools attract families with school-age <br />children, but recent statistics add concrete numbers and surprising <br />trends to the storyline. <br />Extreme school buyers <br />When looking at trends, it’s often entertaining to nd the extremes. <br />The best school districts near Seattle have recently seen a huge inux <br />of buyers from China, paying premium cash prices for homes that <br />many are purchasing for their future grandchildren. Neighborhoods on <br />the east side are seeing large numbers of buyers who merely want to <br />know where the best schools are, and are then buying remotely, <br />without viewing the houses in person. These buyers greatly value <br />education. <br />The domestic home-buying <br />(https://www.realtor.com/realestateforsale) population also clearly <br />values the right school. A 2013 realtor.com® survey <br />(http://investor.move.com/2013-07-29-Realtor-com-Back-to-School- <br />Survey-Finds-School-Boundaries-Play-Major-Role-in-Home-Buying- <br />Decisions) of nearly 1,000 prospective home buyers showed that 91 <br />percent said school boundaries were important in their search. <br />Dedication to Education <br />I personally know the importance of school boundaries. When our <br />rst child reached school age, my wife and I went house hunting with <br />school-boundary maps in hand. If a home was one block outside our <br />favorite elementary school’s boundaries, we didn’t even go in. The <br />look of the home, the neighborhood, and how it was laid out were all <br />factors that could disqualify it from our list, but the primary hurdle for <br />every home was that school boundary line.