How Much Does a 3 Bedroom House Cost in Different DC School Districts
By Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC
(Keller Williams Capital Properties)
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 6...
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