By HomeUnion, Special for USDR
HomeUnion, an online real estate investment management firm enabling value investing in residential properties, has issued a new report on the most affordable zip codes with the best schools. Zip codes in the Kansas City, Indianapolis and St. Louis metropolitan areas topped the list. HomeUnion analyzed median home prices in 31 major metropolitan areas and schools ranked in the 80th percentile or higher by the National Center for Education Statistics (NCES) for this study.
“The quality of public schools is one of the most important factors to consider when buying a home, especially for families,” saysDon Ganguly, CEO of HomeUnion. “In many cases, home buyers are willing to pay more to be located in a neighborhood with highly ranked schools, even if it means downsizing into a smaller home.”
Below is a list of the most affordable zip codes with the best schools:
|
Metro Area |
Zip Code |
NCES School Ranking (Percentile) |
Q1 2016 Median Home Price |
Submarket |
|
Kansas City |
64014 |
87.8 |
$143,000 |
Blue Springs, MO |
|
Indianapolis |
46060 |
84.5 |
$157,000 |
Noblesville, IN |
|
St. Louis |
63126 |
95.5 |
$160,000 |
Southwest section of St. Louis, MO |
|
Philadelphia |
18960 |
85.3 |
$171,000 |
Sellersville, PA |
|
Chicago |
60301 |
91.3 |
$172,000 |
Oak Park, IL |
|
Cleveland |
44147 |
90.6 |
$179,000 |
Broadview Heights, OH |
|
Austin |
78705 |
87.8 |
$187,000 |
Central section of Austin, TX |
|
Raleigh |
27511 |
81.5 |
$188,000 |
Cary, NC |
|
Memphis |
38654 |
90.6 |
$190,000 |
Olive Branch, MS |
|
Atlanta |
30519 |
87.2 |
$194,000 |
Buford, GA |
|
Charlotte |
28079 |
81.6 |
$196,000 |
Indian Trail, NC |
|
Dallas/Fort Worth |
75023 |
81.1 |
$201,000 |
Plano, TX |
|
Houston |
77450 |
89.8 |
$202,000 |
Katy, TX |
|
Minneapolis |
55020 |
84.6 |
$209,000 |
Elko New Market, MN |
|
Cincinnati |
45140 |
87.0 |
$218,000 |
Loveland, OH |
|
San Antonio |
78259 |
89.8 |
$226,000 |
North San Antonio, TX |
|
Tampa |
34685 |
81.1 |
$246,000 |
Palm Harbor, FL |
|
Jacksonville |
32259 |
88.3 |
$268,000 |
St. John’s, FL |
|
Milwaukee |
53122 |
92.3 |
$273,000 |
Elm Grove, WI |
|
Denver |
80122 |
80.2 |
$279,000 |
Centennial, CO |
|
Portland |
97035 |
89.0 |
$320,000 |
Lake Oswego, OR |
|
Seattle |
98011 |
84.0 |
$360,000 |
Bothell, WA |
|
Orlando |
34786 |
81.0 |
$361,000 |
Windermere, FL |
|
San Diego |
92126 |
89.1 |
$397,000 |
Mira Mesa section of San Diego |
|
Orange County |
92688 |
89.4 |
$425,000 |
Rancho Santa Margarita, CA |
|
Inland Empire |
91737 |
80.7 |
$455,000 |
Rancho Cucamonga, CA |
|
Los Angeles County |
91020 |
93.2 |
$490,000 |
Montrose, CA |
|
Oakland |
94551 |
83.5 |
$525,000 |
Livermore, CA |
|
Miami |
33158 |
82.0 |
$570,000 |
Pinecrest, FL |
|
San Jose |
95035 |
80.4 |
$590,000 |
Milpitas, CA |
|
San Francisco |
94947 |
80.3 |
$612,000 |
Novato, CA |
“One of the main concerns among remote residential real estate investors is the quality of their investment since they’re trusting someone else with their money,” notes Ganguly. “Comprehensive data on neighborhoods, including public schools information, job growth, crime and other statistics on HomeUnion’s Investor Portal ensure that investors are making the most-informed financial decisions.”
About HomeUnion
HomeUnion is an online real estate investment management firm, bringing value investing to the individual investor in residential properties. Based in Irvine, Calif., it provides all the services needed for individuals to invest remotely in SFR properties. The company uses a combination of data-driven proprietary analytics to incorporate over 120M homes and 200,000 neighborhoods into their database, and then delivers its solutions to an on-the-ground infrastructure that currently serves 21 locations. HomeUnion’s role spans the lifecycle of the investment transaction: from identifying sound investments; handling all aspects of acquisition; maximizing income; protecting asset value; and selling it when the time comes.
SOURCE HomeUnion
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