Tuesday
October 17, 2017

10 Affordable Markets With Top Schools

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10 Affordable Markets With Top Schools

Aurora, Ill., located outside of Chicago, topped realtor.com®list of the most affordable housing markets with the best elementary schools in the country. 

Researchers analyzed ZIP codes within the top metro areas in the nation that contained at least one public or public charter school. Realtor.com® culled data from GreatSchools.org.

“When searching for a new home, finding something affordable in a good school district with family-friendly features, such as large backyards, tops the list of homebuyer priorities,” Javier Vivas, manager of economic research for realtor.com®, said in a statement. “These markets offer strong public schools and affordable homes, making them a great fit for homebuyers with elementary school-age children.”

In the study, realtor.com® researchers found that the monthly cost of owning a median-priced home in the top elementary housing markets is, on average, just 23 percent of the median household income in the ZIP. That is 41 percent less costly than the surrounding metro area.

The 10 most affordable towns with stellar elementary schools, according to the study, are:

1. Aurora, Ill. (ZIP code 60503) 

2017 median list price: $259,900

2. Stone Mountain, Ga. (ZIP code 30087) 

  • 2017 median list price: $218,950

3. Hampton, N.J. (ZIP code 08827) 

  • 2017 median list price: $297,000

4. Royersford, Pa. (ZIP code 19468) 

  • 2017 median list price: $246,125

5. Kingwood, Texas (ZIP code 77345) 

  • 2017 median list price: $323,750

6. Rosemount, Minn. (ZIP code 55068) 

  • 2017 median list price: $299,900

7. Bowie, Md. (ZIP code 20715) 

  • 2017 median list price: $345,350

8. Huntington Woods, Mich. (ZIP code 48070) 

  • 2017 median list price: $400,000

9. Stow, Mass. (ZIP code 01775) 

  • 2017 median list price: $504,750

10. Chandler, Ariz. (ZIP code 85226)

  • 2017 median list price: $324,155

Source: “Top Affordable Towns with the Best Elementary Schools,” realtor.com® (July 27, 2017)