How Much Does a 3 Bedroom House Cost in Different DC School Districts

By
Real Estate Agent with Keller Williams Capital Properties DC AB15253

It is a given that real estate is more expensive in places where children receive a better education, but new graphs from the District's Office of Revenue Analysis show just how closely they are aligned with each other.Three-bedroom homes in DC neighborhoods with the very best elementary schools (defined as a student body where 80 percent or more are proficient or advanced in reading) typically cost over $800,000. It will still cost a family between $600,000 and $1 million to buy a three bedroom home in Washington, DC, in areas where only 60 to 80 percent of students are proficient or advanced in reading.

 

 

 

What happens if you can't spend that much? If you are looking for a three bedroom home with a median price under $600,000, then you are looking in school zones that have fewer than 60 percent of proficient or advanced students in reading. Similarly, zones with a median 3-bedroom home price of under $500,000 generally had schools with a proficiency rate under 50 percent.

 


For more information about particular schools in DC, be sure to check out www.greatschools.org.

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
District of Columbia District of Columbia County Chevy Chase American University Park
Tags:
dc schools
the lise howe group buyers
lise howe group advice for buyers
dc home values
dc school performance
dc group listings

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
4,796,627
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Lise.  Typically those areas with good schools have a higher level of parent involvement in the school system.  And, this is typically a demographic with higher incomes.

Jul 21, 2015 08:38 PM #1
Rainmaker
747,141
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Lise Howe 

One of our sons moved to the DC area a couple of years ago. What I was most surprised at was how active the market is there and the prices. It is a nice area and we enjoy visiting the nation's Capitol

Jul 21, 2015 10:44 PM #2
Rainmaker
1,654,743
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Doug Dawes - fair trade- my daughter is there in Boston! If your son needs any help with real estate, I hope he will reach out to me! 

Jul 21, 2015 10:45 PM #3
Rainmaker
747,141
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Hi Lise Howe 

It's a small world isn't it? Both cities are good cities. I will give your contact info to my son.

Jul 22, 2015 07:27 AM #4
Ambassador
3,982,263
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Good post Lise. Many people buy their homes based on the schools in the area.

Jul 22, 2015 11:46 AM #5
Rainmaker
5,307,773
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good information for families moving to the area.

Jul 23, 2015 02:26 AM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,654,743

Lise Howe

Assoc. Broker and Attorney Licensed in DC, MD, VA,
Ask me a question
*
*
*
*
Spam prevention

Additional Information