by Rob Wicker
According to Professor David Figlio from Northwestern University, buying a home in a top school district is a smart thing to do, even if you don’t have school-age children. Houses in areas with good public schools gain value in up markets and sell faster and at higher prices in down markets.
If taxes and costs are already too high for a home in a top rated school district, Figlio suggests that you get creative. Research test scores, school funding, and community support to find school districts that are improving but where houses are not yet selling at a premium. Excellent school data can be found on HomesAndLand.com.
[The information from Dr. Figlio was originally reported in the September edition of the Bottom Line newsletter.]