Do School Boundaries Matter in Home Buying Decisions?

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As a matter of fact… they do!  According to Realtor.com, the back to school survey finds more than 44% of respondents throughout the country will even go over budget to get homes in preferred school boundaries.

Key Survey Findings:

A majority of home buyers who said school boundaries will have an impact are willing to pay 1 percent to 10 percent above budget to live within school boundaries:

  • 23.59 percent would pay 1 percent to 5 percent above budget
  • 20.70 percent would pay 6 percent to 10 percent above budget
  • 8.98 percent would pay 11 percent to 20 percent above budget
  • 40.33 percent would not go above budget

For those home buyers who said school boundaries will have an impact on their decision, the majority indicated school boundaries will be an important consideration:

  • 90.53 percent said school boundaries are  “important” and “somewhat important”
  • 2.04 percent were “neutral” around importance of school boundaries
  • 7.43 percent said school boundaries are “unimportant” and “very unimportant”

Home buyers who said school boundaries will have an impact on their decision also indicated that they would give up several amenities to live within school boundaries of choice:

  • 62.39 percent would do without a pool or spa
  • 50.60 percent would give up accessibility to shopping
  • 43.96 percent would pass on a bonus room
  • 41.99 percent would offer up nearby parks and trails

Home buyers indicated that they would like to be within a certain distance of school boundaries:

  • 45.19 percent want to live within school boundaries
  • 33.67 percent want to live within a few miles so their children can ride the school bus
  • 17.20 percent want to live within a mile so their children can walk to school

School districts play a big part in a home buyer’s decision of where to live. To increase the possibility of a timely sale, make sure you accurately describe the listing’s school district in Georgia MLS !

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