Good schools help home buyers determine where they want to focus their property searches. Families want neighborhoods with an excellent quality of life where they can ensure their children receive the best education possible….BUT good schools are not just a benefit to those homeowners with young children! According to the recently released ATTOM Data Solutions 2016 Schools and Housing Report, homes in zip codes that contain at least one highly ranked elementary school have home values 77 percent higher than homes in zip codes without one!!!
To find these results, ATTOM Data Solutions examined almost 19,000 elementary schools across the nation in 4,435 zip codes. Elementary schools were defined as “good” if their 2015 average test scores were at least one-third above the respective state average. This data was then analyzed alongside the 2016 home values and price appreciation in the local area.
As of July 2016, the average estimated home value was $427,402 in 1,661 zip codes with at least one good school. This is compared to the average estimated home value of $241,096 in the 2,774 zip codes without a good school. That’s a difference of 77%!
Homes in zip codes with good schools also provide a good long term investment for owners. The study found that homeowners residing in such zip codes had…on average…a 32 percent return on their investment! Over the past decade, home appreciation values have been far more volatile in those zip codes without any good schools.
Looking for a home in a neighborhood with a great school in Myrtle Beach?! It’s incredibly easy to do! Myrtle Beach is served by Horry County Schools. This school district is the 3rd largest in the state and has been ranked as the 19th best in South Carolina by Niche.
Set your child up for academic success and increase the value of your home by living near one of these top-ranked elementary schools:
One of the top-rated elementary schools in Myrtle Beach, Forestbrook Elementary School (4000 Panther Parkway) is a 3 time National Blue Ribbon Winner! This program awards schools based on their overall academic excellence. It acknowledges excellence in teaching and learning and is a great honor for schools to receive.
Ocean Bay Elementary School (950 International Drive) has been highly ranked by Niche. The website ranks the school within the state’s top 100 for best academics and teachers! The students at Ocean Bay Elementary have received proficient test scores in reading and math making them amongst the best and brightest students.
Carolina Forest Elementary School (285 Carolina Forest Boulevard) has the vision to provide a world-class education to its students and it is well on its way! It has received several awards from the South Carolina Department of Education. The students at this school continue to surpass district academic goals set forth every year.