Monday, June 18, 2007

School Basics: Reading, Writing, Arithmetic, Real Estate

LIKE the number of bedrooms or proximity to parks, quality of schools is a factor that can make or break a decision on whether to plunk down a small fortune on a house.

Not surprisingly, then, towns with blue-ribbon public school systems — like Greenwich, Fairfield and West Hartford — have consistently commanded some of the higher home prices in the state.

But prices within a town can fluctuate, even by neighborhood, based on the strength of the local elementary school, according to a new study by seven professors and students at Trinity College.

The study examined the relationship between grade-school test scores and home prices in West Hartford’s 11 elementary school districts, and found that as one climbed, so did the other, in specific and predictable increments.

This from the New York Times.

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