Most people look for communities with good schools when they look for a place to live. The reason is obvious. They want their children to get a quality education. What are the determinants of good schools? Certainly, quality facilities and inspiring teachers matter. But according a report by the Brookings Institute, local zoning laws have a lot to do with quality education. “Researchers found that housing near high-scoring schools costs on average 2.4 percent more (or $10,707 annually) than housing near low-scoring schools. Median home values are $205,000 greater on average near better schools.”
They studied Boston and its suburbs and their research reveals that 9 percent of students with most restrictive zonings were low-income students, compared to 61 percent in the least restrictive zoning districts.
Reference: Brookings Institute
Link for 3D model photos of Boston by Horia Popa
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