School, what is it good for?
When it comes to home prices, school matters. Buyers will pay a premium to live near top schools.
August 30, 2004: 11:08 AM EDT

By Sarah Max, CNN/Money senior writer

... parents with school-age children are willing to pay a premium for housing that gives their children access to superior schools. School data is now widely available, for free, on such sites as GreatSchools.net and HomeGain.com.

the rate at which home prices appreciate does go hand in hand with school performance

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Last update: October 14, 2005 – 11:00 PM

Yearning for learning

""The old real estate law was 'location, location, location.' ... One might change it to be 'schools, schools, schools,' " said David Weimer, a professor of public affairs at the University of Wisconsin-Madison who has studied the correlation between home prices and school performance. "

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"Home Sale Price and Public School Quality in Mecklenburg County" by Laurel Clayton Davidson College Davidson, NC
31 March 2003
 <<--(Page 25)

school quality, particularly school
reputation, plays a large part in determining the price of a home. To summarize, a one unit
increase in the family grade (an improvement in reputation) results in a 112.6% increase in home
price. (page 18)

http://www.econ.duke.edu/Journals/DJE/dje2003_symp/New%20Folder/clayton_paper.pdf

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Different country - same results http://www.findaproperty.com/story.aspx?storyid=7719