Finally some research on something we Agents have known a long time!
Conventional wisdom says The best schools correspond to the top (most expensive) neighborhoods. Of course many things affect home value, so research is difficult, however the best study was completed in 2013. They compared over 400,000 home sales in 57 metropolitan markets. National real estate company Redfin, in coordination with GreatSchools.org, compared similar homes with average schools versus similar number of bedrooms and baths in Excellent school districts. The conventional wisdom held true: Home buyers paid a premium for high quality schools (90th percentile and above). They found that home buyers were willing to pay an additional $50/sf on average for the high performing schools.
Here in Charlotte NC we see that in 28277, 28173 and other zip codes as well. And, sometimes it is just a school boundary line a half mile away. That is what makes schools so complicated in Charlotte, you have to know your way around.
Charlotte-Mecklenburg parents seeking high performing schools may also turn to the CMS Magnet Schools.
Park Road Montessori, Cotswold Elementary, World Language Immersion Schools, Elizabeth Traditional are just a few of the over 50 to choose from. These schools grant admission to any CMS student who applies, and completed the Expectation agreement. When over subscribed CMS uses a lottery to gain entry. They are some of CMS's highest performing schools. I know one family (at least) that enrolled their child in the Language Immersion school because they knew they'd be surround by other hi performing students and friends.
There are also a number of successful Charter schools in the greater Charlotte area too. These provide a 3rd way for a "great school experience" for your child, without paying the 10's of thousands of dollars for private school tuition.
Trying to improve your home’s value? Support your local public school!
The McDonald Group at Wilkinson ERA is a group of professionals, dedicated to helping our Clients win in real estate. Expert and honest advice, local area knowledge, and seriousness of purpose but with folks who don't take themselves too seriously. The founder Terry McDonald, was a builder for 20 years, and has been a broker for the last 13 years. Buying a home or selling, first home buyer or relocating to Charlotte,the McDonald Group is here to serve. Our client list includes first home buyers to luxury homes, professional athletes, business owners and physicians. From in town to South Charlotte, Lake Norman too, we know Charlotte.
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