If you're in the market for a new home for your family, you'll want to consider more than just the sticker price.
"The quality of public schools is one of the most important factors to consider when buying a home, especially for families,"explains Don Ganguly, CEO of real estate investment management firm HomeUnion. "In many cases, home buyers are willing to pay more to be located in a neighborhood with highly ranked schools, even if it means downsizing into a smaller home."
To find the best of both worlds — a strong school system and an affordable home — HomeUnion analyzed median home prices in 31 major metro areas and schools ranked in the 80th percentile or higher by the National Center for Education Statistics (NCES). HomeUnion then identified the most affordable zip code in each area where the local schools met the criteria.
Here, we've listed the most affordable zip codes in descending order of median home prices, as provided by HomeUnion:
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San Francisco: 94947
Submarket: Novato, California
Median home price: $612,000
San Jose: 95035
Submarket: Milpitas, California
Median home price: $590,000
Miami: 33158
Submarket: Pinecrest, Florida
Median home price: $570,000
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