Wednesday, November 19, 2014

RealtyTrac Analyzes Test Scores for Nearly 25,000 Elementary Schools in U.S.


IRVINE, CA -- RealtyTrac analyzed school test scores for nearly 25,000 elementary schools in more than 7,500 U.S. ZIP codes, along with home price affordability in those same zip codes to identify the top zip codes with the ideal combination of good schools and affordable home prices — and also with low unemployment rates below the national average.

 RealtyTrac also looked at zip codes with good schools and the least affordable home prices.
 Markets with Good Schools and Affordable Homes
  • There were 489 zip codes with elementary schools where 2013 test scores were at least one-third higher than their respective state average and where the average price of a residential property required one-third or less of the median household income. These zip codes also had a maximum unemployment rate of 5.9 percent in September.
  •  
  • Cities with the highest amount of affordable zip codes with good schools were led by Orlando, Fla., (9), Raleigh, N.C. (8), Phoenix, Ariz., (6), followed by five cities each with five affordable zip codes with good schools: Chandler, Ariz., Colorado Springs, Colo., Grand Rapids, Mich., Lexington, Ky., and Wilmington, N.C.
  •  
  • States with the most affordable zip codes with good schools were New York (105), North Carolina (66), Florida (62), Illinois (50), and Michigan (40).
  •  
  • The average test score for the best elementary schools in these 359 zip codes was 49 percent higher than their state average.

Top 20 Most Affordable Zips with Good Schools
School Name
City, State
Zip Code
2013 Test Score
Avg Home Price Nov 13 to Oct 14
Affordability: House Payment Pct of Median Income
Trenton Elementary School
Trenton, IL
62293
1.39
$97,480
9.10%
OAKRIDGE ELEMENTARY SCHOOL
OKLAHOMA CITY, OK
73115
1.34
$61,246
10.40%
LAKEVIEW FUNDAMENTAL ELEMENTARY
ST PETERSBURG    , FL
33712
1.40
$56,163
10.82%
Homestead Elementary School
Aurora, IL
60503
1.35
$172,723
11.96%
PINEHURST ELEMENTARY SCHOOL
LAKE VIEW, NY
14085
1.52
$153,143
12.98%
PINE BROOK ELEMENTARY SCHOOL
ROCHESTER, NY
14616
1.51
$89,326
13.34%


BRIARWOOD SCHOOL
ROCHESTER, NY
14617
1.94
$114,562
13.90%
MONICA B LEARY ELEMENTARY SCHOOL
RUSH, NY
14543
1.34
$161,252
14.05%
DEERFIELD ELEMENTARY SCHOOL
UTICA, NY
13502
1.62
$79,197
14.34%
NORTH POINTE ELEMENTARY SCHOOL
Hebron, KY
41048
1.54
$190,429
14.44%
Landmark Elementary School
McHenry, IL
60050
1.37
$134,143
14.55%
WEEDSPORT ELEMENTARY SCHOOL
WEEDSPORT, NY
13166
1.33
$106,471
14.66%
DONALD E CLINE ELEMENTARY SCHOOL
Cold Spring, KY
41076
1.53
$119,423
14.77%
Greenmont Elementary School
Vienna, WV
26105
1.60
$96,812
14.97%
WOODCREST ELEMENTARY SCHOOL
MIDLAND, MI
48640
1.50
$114,348
15.03%
LOCKWOOD ELEMENTARY SCHOOL
EATON RAPIDS, MI
48827
1.45
$115,438
15.08%
Chatham Charter
Siler City, NC
27344
1.40
$86,018
15.09%
JOHN A SCIOLE ELEMENTARY SCHOOL
DEPEW, NY
14043
1.51
$105,086
15.14%
JOHN W REILEY ELEMENTARY SCHOOL
Alexandria, KY
41001
1.46
$148,203
15.16%
FOSTER ELEMENTARY SCHOOL
Pittsburgh, PA
15234
1.34
$122,815
15.19%


School Name





Markets with Good Schools and Unaffordable Homes


School Name





  • There were 127 zip codes with elementary schools where 2013 test scores were at least one-third higher than the state average and where the average price of a residential property required two-thirds or more of the median household income. These zip codes also had a maximum unemployment rate of 5.9 percent in September.

·         Cities with the most unaffordable zip codes with good schools were New York, N.Y. (22), San Francisco, Calif., (8), Flushing, N.Y., (4), Newport Beach, Calif., (4) Oakland, Calif., (4),  San Jose, Calif., (4), and Portland, Ore., (3).
·         States with the most unaffordable zip codes with good schools were California (69) and New York (44). No other states had more than three unaffordable zip codes with good schools.
·         The average test score in these 91 zip codes was 60 percent higher than their state average.

Top 20 Least Affordable Zips with Good Schools

School Name
City, State
Zip Code
2013 Test Score
Avg Home Price Nov 13 to Oct 14
Affordability: House Payment Pct of Median Income
PUBLIC SCHOOL 130 HERNANDO DESOTO SCHOOL
NEW YORK, NY
10013
1.83
$3,192,779
333.64%
PUBLIC SCHOOL 184 SHUANG WEN SCHOOL
NEW YORK, NY
10002
2.28
$1,016,878
226.55%
Newport Elementary
Newport Beach, CA
92661
1.36
$2,458,129
200.81%
Ross Elementary
Ross, CA
94957
1.45
$3,289,655
186.90%
AMAGANSETT SCHOOL
AMAGANSETT, NY
11930
1.70
$1,958,438
183.16%
TAG YOUNG SCHOLARS JUNIOR HIGH SCHOOL
NEW YORK, NY
10029
2.32
$791,354
182.01%
Chin (John Yehall) Elementary
San Francisco, CA
94133
1.64
$1,128,933
169.98%
PUBLIC SCHOOL 33 CHELSEA PREP
NEW YORK, NY
10001
1.38
$1,786,165
168.64%
North Hillsborough
Hillsborough, CA
94010
1.59
$2,159,023
164.99%
HARLEM SUCCESS ACADEMY CHARTER SCHOOL
NEW YORK, NY
10026
2.17
$853,792
145.93%
EAST VILLAGE COMMUNITY SCHOOL
NEW YORK, NY
10009
1.33
$1,164,649
141.82%
Harbor View Elementary
Corona Del Mar, CA
92625
1.46
$2,285,957
140.88%
Top of the World Elementary
Laguna Beach, CA
92651
1.45
$1,816,130
139.56%


PUBLIC SCHOOL 3 CHARRETTE SCHOOL
NEW YORK, NY
10014
1.87
$1,966,927
134.47%
SPRUCE STREET SCHOOL
NEW YORK, NY
10018
1.78
$1,599,824
130.96%
PUBLIC SCHOOL 212 MIDTOWN WEST SCHOOL
NEW YORK, NY
10036
1.96
$1,160,448
130.31%
R. Roger Rowe Elementary
Rancho Santa Fe, CA
92067
1.53
$2,605,798
129.64%
Newport Heights Elementary
Newport Beach, CA
92663
1.35
$1,540,617
128.66%
PUBLIC SCHOOL 40 AUGUSTUS STREET GARDENS
NEW YORK, NY
10003
2.01
$1,630,859
127.75%
Sherman Elementary
San Francisco, CA
94123
1.42
$1,937,922
127.47%



  For a complete copy of the company’s news release, please contact:

Ginny Walker
Office: 949.502.8300 ext. 268
Mobile: 323-317-5852  
  

Cousins Properties Announces Retail Property Dispositions


ATLANTA, GA  -- Cousins Properties Incorporated (NYSE: CUZ) announced today the sale of five Publix-anchored shopping centers for $79.5 million.

With these dispositions, Cousins has successfully completed its previously announced strategic exit from retail property ownership.

The five retail centers were owned in two joint ventures with Watkins Retail Group and consisted of approximately 486,000 square feet. The centers were sold in a single transaction to one purchaser and generated approximately $34.5 million in net proceeds to Cousins.

Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, primarily invests in Class-A office assets located in high growth Sunbelt markets, with a focus on Georgia, Texas and North Carolina.

The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. For more information, please visit www.cousinsproperties.com.

  For a complete copy of the company’s news release, please contact:

Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
Director of Investor Relations