Here's How Much It Costs to Buy a Home in an Elite School District

You can't blame mom and dad for trying to buy a home in an "A-plus" school district, where their children can get a great education.

But there's a stiff price tag to pay for getting into an elite public school district.

According to a new report from, homes in higher rated public school districts tracked by the company are, on average, "49% more expensive - at $400,000 - than the national median of $269,000." To boot, they're 77% more expensive than schools in lower ranked districts, which have a median price of $225,000.

The Santa Cara, Cal.-based online real estate firm also identifies the top 10 U.S. school districts that are in "highest demand" from homebuyers. Here's the list:

1. Beverly Hills Unified in Los Angeles, Calif.

2. Highland Park Independent School District in Dallas, Texas.

3. Kenilworth School District No. 38 in Kenilworth, Ill.

4. Indian Hill Exempted Village School District - Hamilton, Ohio.

5. Winnetka School District 36 - Winnetka, Ill.

6. Manhattan Beach Unified School District - Los Angeles, Calif.

7. Scarsdale Union Free School District - Westchester, N.Y.

8. Saddle River School District - Bergen, N.J.

9. San Marino Unified School District - Los Angeles, Calif.

10. Mariemont City School District - Hamilton, Ohio.

For people selling homes in great school districts, the advantages are abundant.

"It's common knowledge that buyers are often willing to pay a premium for a home in a strong school district," notes Javier Vivas, research analyst for "Our analysis quantifies just how good it is to be a seller in these areas. On average, homes in top-rated districts attract a price premium of almost 50% and sell more than a week faster than those located in neighboring lower ranked school districts."

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