From the Economix blog:
“Housing costs in the nation’s 100 largest metropolitan areas were an average of 2.4 times as high – a difference of $11,000 a year – for homes near schools whose average test scores put them in the top fifth of schools in the area, compared with schools in the bottom fifth. That means that a family would have to pay more per year to move into a good public school zone than for their children to attend some private schools. Translated into an average home price, the gap works out to an average of $205,000 more for a home near a high-performing school.”
Read more at: economix.blogs.nytimes.com
