When Stephanie Adams, 42, was moving from Bend, Ore., to Longview, Texas, she and her husband faced a challenge familiar to parents everywhere — finding the right home in the right school district.
“There was one school district for the entire city of Bend, which was around 80,000 people,” said Adams, a mother of two. “And then we moved to Longview, which is roughly the same size, and there are three or four school districts.”
According to a survey by the National Association of Realtors (NAR), more than half of homebuyers with children under 18 cited the school district as an influencing factor in where they chose to buy. However, quality schools tend to come with a price tag. The National Bureau of Economic Research (NBER) found that every dollar increase per pupil-of-state aid correlates with a $20 increase in home values.
Recognizing that quality schools tend to come with