Posted November 21, 2014 by RentJungle
("New Classroom" by Bart Everson is licensed under CC BY 2.0)If you are moving and have children, undoubtedly a factor of where you decide to live is the quality of the educational system versus the affordability of the school, or the overall cost of living in that area. RealtyTrac recently conducted a study of 25,000 elementary schools in 7,500 zip codes, taking into account test scores, home price and unemployment rates. Here are the results: Markets with Good Schools and Affordable Homes There were 489 zip codes with elementary schools  where 2013 test scores were at least one-third higher than their respective state  average and where the average price of a residential property required  one-third or less of the median household income. These zip codes also had a  maximum unemployment rate of 5.9 percent in September.Cities with the most affordable zip codes with  good schools were led by Orlando, Fla., (9), Raleigh, N.C. (8), Phoenix, Ariz.,  (6), followed by five cities each with five affordable zip codes with good  schools: Chandler, Ariz., Colorado Springs, Colo., Grand Rapids, Mich.,  Lexington, Ky., and Wilmington, N.C.States with the most affordable zip codes with  good schools were New York (105), North Carolina (66), Florida (62), Illinois  (50), and Michigan (40).The average test score for the best elementary  schools in these 359 zip codes was 49 percent higher than their state average. Markets with Good Schools and Unaffordable Homes There were 127 zip codes with elementary schools  where 2013 test scores were at least one-third higher than the state average  and where the average price of a residential property required two-thirds or  more of the median household income. These zip codes also had a maximum  unemployment rate of 5.9 percent in September. Cities with the most unaffordable zip codes with  good schools were New York, N.Y. (22), San Francisco, Calif., (8), Flushing,  N.Y., (4), Newport Beach, Calif., (4) Oakland, Calif., (4),  San Jose, Calif., (4), and Portland, Ore.,  (3). States with the most unaffordable zip codes with  good schools were California (69) and New York (44). No other states had more  than three unaffordable zip codes with good schools. The average test score in these 91 zip codes was  60 percent higher than their state average.
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