Homes in Highly Rated School Zones Cost 35% More Than the Average U.S. Home--But the Premium Is Much Smaller in Some Parts of the Country
Redfin, the brokerage owned by Rocket Companies (NYSE: RKT), published research showing the typical U.S. home in a highly rated school zone costs $580,000 -- 35% more than the $430,000 typical overall home. Affording a school-zone home requires about $159,157 in income versus $117,995 for the typical home, and a median-earning household would spend 54.5% of income on housing versus 40.4% for the typical home. Premiums vary sharply by metro: Philadelphia has the largest at 93.5% above the metro-wide typical price, while Little Rock is the only metro where highly rated school zones actually cost less than the typical home.
Key figures
- Metros analyzed
- 81
- Median us income
- 87599
- Typical home price
- 430000
- Income gap vs typical
- 41000
- Income share school zone
- 54.5%
- School zone median price
- 580000
- Income needed school zone
- 159157
- Income share typical home
- 40.4%
- School zone price premium
- 35%
- Income needed typical home
- 117995
- Affordable listings overall
- 27.6%
- Affordable listings school zone
- 13%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.