Is there a relationship between home prices and school test scores? There are several possible answers to this question ranging from “”does it matter?”” to “”how can you possibly take two complex issues and boil them down to dollars and test scores?””. I’m not going to editorialize too much on the topic, rather, provide the hard data as it relates to Metro Atlanta.
The College Board, the organization that administers the SAT, recently released 2014 test data. I’ve selected eight metro Atlanta high schools that cover some of the areas that I sell real estate in, In the left column, I’ve ranked the schools in order of their average SAT score. In the right column, I’ve provided the 2014 average sales price for single family residences sold within each district.
To be clear, the intention of this post isn’t to overemphasize the importance of test scores- we all know what happens when we do that. As a Realtor, I’m immersed in this stuff every day and I know that schools are a huge motivator in the home purchasing (and selling) decision. Schools are not the be-all and end-all, and neither are test scores for that matter… but meshing the available data together certainly provides food for thought.