SAN JOSE, Calif., Aug. 18, 2014 /PRNewswire/ -- Millennial
buyers are ready to call the suburbs home if that means quality
elementary schools. Just in time for the back-to-school season,
realtor.com® today reveals the most popular cities and
schools viewed using its search-by-school feature, which allows
people to explore homes for sale based on specific schools and
school districts.
Millennials – people born between 1980 and 2000 – are less
likely than other generations to compromise on school districts
when searching for a home. Fifty-two percent of millennials
report that school districts are a deal breaker in their home
search, compared with 31 percent of all buyers, according to a
recent realtor.com® study.
Most of top 10 cities where people research the most school
information on realtor.com® are located in affordable,
suburban communities outside of larger urban areas. Generally, the
suburbs attract younger buyers because of their close proximity to
urban job markets and less expensive housing. In June, the top 10
neighborhoods include: 1) Bethel, N.C.; 2) Gadsden, Ala.; 3)
Agoura, Calif. (near Los Angeles,
Calif.); 4) Kensington, Md. (near Washington D.C.); 5) Greenwood Village, Colo.
(near Denver, Colo.); 6)
Greenacres, Fla. (near West Palm Beach,
Fla.); 7) Watauga, Texas (near Fort Worth, Texas); 8) La Crescent, Minn.; 9)
North Hollywood, Calif. (near Los
Angeles, Calif.) and 10) Fairburn, Ga. (near Atlanta, Ga.).
Realtor.com® search-by-school data also reveals that
elementary schools are on the minds of those looking for homes.
Eight of the top 10 most popular schools viewed on
realtor.com® (see chart below) include kindergarten
through fifth grade. This indicates that the majority of people who
research schools either have young children or expect to start a
family when they buy their next home.
"Local schools are clearly more important to specific population
segments – such as today's millennials, who either have or are
planning to have children. High-ranking schools can have a positive
impact on home values over time as new families pay a premium for
access to better schools," said Jonathan
Smoke, chief economist for realtor.com®, the
leader in providing consumers with the most accurate U.S.
residential listings online*
The realtor.com® search-by-school feature helps
buyers quickly and easily filter accurate local school information
so they can decide which homes meet their family's educational
needs. Some of its key features include:
- GreatSchools data displayed for each school including: parent
ratings, student to teacher ratio, test scores and a Great Schools
ranking
- An interactive map shows GreatSchools ratings and assignment
boundaries for each school in a local area
- Homes can be searched by public schools or school
districts
- The 'Nearby Schools' button on the realtor.com®
mobile app uses a Global Positioning Systems (GPS) to find schools
in the home buyers desired neighborhood.
Most Viewed Schools on realtor.com® in
June
Rank
|
School
|
Location
|
1
|
Lacrescent-Hokah
Elementary School
|
Houston County,
Minn.
|
2
|
James Catholic
School
|
Etowah County,
Ala.
|
3
|
Pine View
School
|
Sarasota County,
Fla.
|
4
|
Harvest Christian
Academy
|
Tarrant County,
Texas
|
5
|
Hendy Avenue
School
|
Chemung County,
N.Y.
|
6
|
Bethel Elementary
School
|
Pitt County,
N.C.
|
7
|
Celebration
School
|
Osceola County,
Fla.
|
8
|
Viera High
School
|
Brevard County,
Fla.
|
9
|
Malibu High
School
|
Los Angeles County,
Calif.
|
10
|
Erpenbeck Elementary
School
|
Boone County,
Ky.
|
Cities with the Most School Views on
realtor.com® in June
|
|
|
Median Listing
Price
|
%
YY
|
Total
Listings
|
%
YY
|
Median Age of
Inventory
|
%
YY
|
National
|
|
|
$215,000
|
7.55%
|
1,893,907
|
-0.92%
|
76 days
|
-5.00%
|
City
|
MSA
|
MSA Search
Rank
|
Median Listing
Price
|
%
YY
|
Total
Listings
|
%
YY
|
Median Age of
Inventory
|
%
YY
|
Bethel,
N.C.
|
Greenville
N.C.
|
N/A*
|
Gadsden,
Ala
|
Gadsden,
Ala
|
N/A*
|
Agoura,
Calif.
|
Los Angeles-Long
Beach, Calif.
|
7
|
$499,000
|
8.48%
|
20,013
|
8.49%
|
54 days
|
12.50%
|
Kensington,
Md.
|
Washington,
DC-MD-VA-WV(MD)
|
41
|
$325,000
|
9.24%
|
10,302
|
-1.05%
|
61 days
|
-12.86%
|
Greenwood Village,
Colo.
|
Denver,
Colo.
|
21
|
$352,413
|
19.46%
|
6,493
|
-13.99%
|
21 days
|
-22.22%
|
Greenacres,
Fla.
|
West Palm Beach-Boca
Raton, Fla.
|
13
|
$269,000
|
14.47%
|
15,084
|
-12.90%
|
83 days
|
-23.85%
|
Watauga,
Texas
|
Fort Worth-Arlington,
Texas
|
11
|
$196,900
|
9.39%
|
7,518
|
-13.22%
|
48 days
|
-7.69%
|
La Crescent,
Minn.
|
La Crosse,
WI-MN(MN)
|
N/A*
|
$175,000
|
2%
|
124
|
-14%
|
105 days
|
3%
|
North Hollywood,
Calif.
|
Los Angeles-Long
Beach, Calif.
|
7
|
$499,000
|
8.48%
|
20,013
|
8.49%
|
54 days
|
12.50%
|
Fairburn,
Ga.
|
Atlanta,
Ga.
|
6
|
$209,500
|
13.30%
|
38,418
|
-8.96%
|
69 days
|
-8.00%
|
*Housing data not tracked by realtor.com®.
Read more from Jonathan Smoke,
chief economist for realtor.com® @SmokeonHousing.
Any statistics published from this news release must be
attributed to "realtor.com®." Move, Inc. (NASDAQ: MOVE)
operates realtor.com®.
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*"Most accurate" claim(s) pertain to the accuracy of home
listings, are based on comparison with other national listing
portals, and are based on the greater frequency of listings
updating on realtor.com®.
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SOURCE realtor.com