Both buyers and sellers know that a highly ranked school system is like real estate gold. Sometimes, however, a neighborhood's affordability doesn't match up with the best schools.
Online real estate investment firm HomeUnion did the digging and found the most affordable ZIP codes for each major metro area that also boast acclaimed schools. The study analyzed median home prices and schools ranked in the 80th percentile or higher by the National Center for Education Statistics.
Because it makes seemingly every congratulatory list, Plano indeed shows up here as Dallas-Fort Worth's best bet. ZIP code 75023 is ranked at No. 12 out of 31, with a median home price of $201,000 and a school score of 81.1.
“The quality of public schools is one of the most important factors to consider when buying a home, especially for families,” says HomeUnion CEO Don Ganguly in a release. “In many cases, homebuyers are willing to pay more to be located in a neighborhood with highly ranked schools, even if it means downsizing into a smaller home.”
If you're house hunting in Austin, keep an eye on 78705. Its 87.8 NCES score and $187,000 median home price puts it at No. 7 overall and the most affordable in Texas.
A San Antonio home in 78259 will run you a pricey $227,000, but that No. 16 spot comes with schools rated 89.8. Katy (No. 13) takes the title in Houston, where it ties with San Antonio for the highest school score in Texas and will cost you a median $202,000 for a home in the 77450 ZIP code.