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
