I Bet You've Never Seen A School Zone Report Like This!

By
Real Estate Agent with Joe Manausa Real Estate 8508880888
https://activerain.com/droplet/bqW

Are home values affected by the school zones in which they reside? Who’s to day, but today’s blog post will take a look at home values by school zone. This information has been pulled from the Tallahassee MLS and I will start with a caveat that the information is often sketchy at best. Real estate agents enter their listings in the multiple listing service as a means to promote the property to other real estate agents, and the information that is provided is not checked for accuracy.

I have included links to the maps of each school zone in the appropriate paragraphs below. These come from the Leon County School Board and I believe are accurate for the 2011 school year. Note that school zone lines change often, so it is possible for a home to sell in one Tallahassee school zone and then later sell in another.

Home Values By High School Zone

Tallahassee High Schools

The only apparent fluctuation in home value movement between the high schools in Tallahassee appear to be “condo” related. The boom of the downtown condo market in 2006 caused the average home value in the Leon High School zone to soar in 2006, while the liquidation of Barrington Park Condos in 2009 and 2010 dropped the average home value in the Chiles High School zone.

Overall, home values have declined by as little as 26% (in the Chiles And Lincoln school zones) to as much as 42% in the Godby High School zone.

Depreciation By High School Zone

You can follow this link to download the latest map of Leon County High School Zones

Home Values By Middle School Zone

Tallahassee Middle Schools

Middle school zone values showed a consistent rise and fall with the market, but Bellevue and Nims Middle School zones have dropped well below the rest. Overall, home values have declined by as little as 25% (in the Deerlake Middle School zone) to as much as 53% in the Bellevue and Nims School zones. Montford only shows a decline of 14%, but that’s because the school came into existence after the market had peaked.

Depreciation By Middle School Zone

You can follow this link to download the latest map of Leon County (Tallahassee) Middle School zone map.

Home Values By Elementary School Zone

Due to the large number of elementary schools, I have separated them alphabetically into three different real estate graphs.

Elementary Schools From Apalachee To Conley

Tallahassee Elementary Schools

Elementary Schools From Desoto Trail To Pineview

Leon County Elementary Schools

Elementary Schools From Roberts To Woodville

Tallahassee Home Sales By School Zones

Bond, Pineview and Wesson stand out among Elementary School Zones with falling values, as each of these recorded a decline in home values exceeding 70%. Roberts and Sullivan Elementary performed the best with both showing a 21% depreciation rate (Conley came into existence after the peak of the market).

Depreciation By Elemtary School Zone

You can follow this link to download the latest map of Leon County (Tallahassee) Elementary School zone map

While we cannot necessarily tie home value changes to the school zones in which they lie, I would propose that anybody looking to buy a home in Tallahassee consider the opportunities. If you do not have children that will be attending public schools, you might just find an exceptional value in the school zones that have performed lower than the rest.

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Re-Blogged 1 time:

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  1. Scott Jones 05/26/2011 02:17 AM
Topic:
Real Estate Market Trends
Location:
Florida Leon County Tallahassee
Groups:
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Tags:
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school zone real estate

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Rainmaker
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Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

Very comprehensive. Some interesting spikes in 2006 for the elementary schools.

May 26, 2011 01:52 AM #1
Ambassador
837,516
Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

we lived in the Walton school district in Marietta. It was/is one of the top 5 public high schools academically in the country. Homes sold fast and at a higher price , and still do today because of the name

May 26, 2011 02:03 AM #2
Rainmaker
1,162,483
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Corinne, yeah that was due to some high-end condo development.

May 26, 2011 02:12 AM #3
Rainmaker
1,162,483
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Thanks Charlie, I was hoping to see that kind of correlation with this report as well.

May 26, 2011 02:13 AM #4
Rainmaker
996,749
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Joe, we are experiencing a release of a new & improved MLS in the next few days.  With information like this hopefully at the fingertips along with school ratings it'll interesting to predict the up and coming areas.  Do you ever sleep?  The content you produce is unlike any other (in the best way) I see.  Thank you always! 

May 26, 2011 02:36 AM #5
Rainmaker
1,162,483
Joe Manausa
Joe Manausa Real Estate - Tallahassee, FL
Tallahassee Real Estate

Sleep is for the weak Kevin. Come on over to the dark side!

May 26, 2011 02:40 AM #6
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Rainmaker
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