How’s your school doing?
Among other factors, home values are directly linked to schools. Great schools bring up the prices of homes, and bad schools bring down the prices.
If you haven’t seen the news, this year’s School Ratings by Inside New Jersey has been published. Inside New Jersey is not the only school rating system but it is the first to publish their results this year.
Inside New Jersey used 4 years of data to evaluate schools. The criteria they used were the HSPA (High School Proficiency Assessment) and SAT (Scholastic Aptitude Test) results. Each school was given a letter grade – A, B, C or D. They didn’t score schools the way you would predict – in other words, a score of “A” isn’t the best. A score of A means, according to Inside New Jersey, “above average score, below average growth,” whereas a B means “above average score, above average growth.” A C means “below average score, below average growth” and a D means “below average score, above average growth.”
Here are the scores:
|School||Town||SAT||08 score||12 score||Pct Change||Grade|
|Union Cty. Magnet Hs||Scotch Plains||1940||396.8||427.8||7.80%||B|
|Academy For Information Technology||Scotch Plains||1763||358.9||397.6||10.80%||B|
|Westfield High School||Westfuekd||1741||358.7||377.9||5.30%||B|
|Summit Senior H.S.||Summit||1713||351.5||369.9||5.20%||B|
|New Providence H.S.||New Providence||1742||368.7||368.4||-0.10%||A|
|Governor Livingston H.S.||Berkeley Heights||1667||351.3||360||2.50%||A|
|Scotch Plains-Fanwood H.S||Scotch Plains||1591||337||354.7||5.20%||B|
|Cranford Senior H.S.||Cranford||1606||343.2||353||2.90%||A|
|Union Cty. Vo-Tech Hs||Scotch Plains||1510||319.8||347.1||8.50%||B|
|Arthur L. Johnson||Clark||1497||318.3||325.7||2.30%||A|
|Roselle Park High School||Roselle Park||1396||285.3||317.5||11.30%||B|
|David Brearley Hs||Kenilworth||1398||297.5||299.1||0.60%||D|
|Union Sr High||Union||1358||269.9||277||2.60%||D|
|Abraham Clark H.S.||Roselle||1188||220.7||232.5||5.30%||C|
When these scores are correlated to home values, the average value of a home in an A school district is $519,660. The average value of a home in a B district is $482,271. The average home in a C school district is valued at $280,825 and the average home in a D school district is valued at $361,800.