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Local Schools Affect Local Property Values

By
Real Estate Broker/Owner with Beam & Branch Realty TREC #547752

Love them or hate them, our local school districts play a vital role in our communities. In Texas, the only way for school districts to build new schools, provide needed additions, and refurbish aging buildings, bonds must be called, have them presented to the community, and then the community votes on them. When bonds don't pass, school districts have to bring in portable buildings and make do with overcrowded facilities.

In our city, we have been experiencing unprecedented growth. Therefore, every school in our district is at or over-capacity. We desperately need to pass a school bond so we can build the needed schools.

As a REALTOR®, strong school districts equate to strong communities. Strong communities also equate to strong home market values. People move to areas with a solid workforce and school districts are often one of the largest employers.

I understand the importance of strong school districts and therefore, the importance of passing needed school bonds. I am highly involved with our school bond and have served on our long-range strategic planning group. I have learned so much and have a deeper understanding of how school finance functions.

If your school district and community is experiencing high growth, school bonds are a necessity. The local real estate community can be a vital part of this process and can help get the message out. Consider getting involved! You are needed.

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Comments(8)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

God afternoon Paula,

You are so right. I have been on the Site Based Advisory board since our elementary school in the community where I live and work since it was built. We can be a vital part of this process and can help get the message out as our schools experience growth and informed people of their needs.

Apr 15, 2024 03:34 PM
John Pusa
Glendale, CA

Hello Dr. Paula McDonald I agree, local schools can affect local property values. 

Apr 15, 2024 04:31 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

You're absolutely right.  Schools play a large part in property values.  

Apr 15, 2024 07:26 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

When families are on the move, schools in the area certainly play a huge role in the area they select or stay away from.

Apr 16, 2024 05:02 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Good point. Strong school districts do make strong communities - one thing not all locations do well is to communicate exactly why a bond/levy is required - what will it cover, what was/was not already assessed to make things work without the bond. If people don't understand what is behind the request they will typically say no. At least that's what I've seen.

Apr 16, 2024 05:32 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Paula,
Schools are definitely a factor in how people choose a city to live in and where they want to live within that area.

Apr 16, 2024 09:58 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Hello Dr. Paula McDonald you make excellent points about schools and communities.  People are needed and do need to get involved.  It is a lot of work yet it must be done.

Apr 16, 2024 10:27 AM
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Hate is a strong word especially when applied to schools.  I am not sure I am in love with that connection,  Our children are our future and schools play a very important part of their growth especially in light of the issue that some parents defer to teachers to raise their chidden.  

Apr 22, 2024 06:02 AM