How High School Zones Impact The Tallahassee Real Estate Market
If you have a teenager in the Tallahassee real estate market area, then it is likely you have explored high school zones.
Having been born and raised here, I can tell you there is a fierce loyalty to your school (Go Big Red!) and it is something you take with you through your entire life.
Today, we'll take a look at what a shopper in the Tallahassee real estate market can expect in each of the five primary high school zones.
Home Values Segmented By High School Zones
The first thing that catches my eye when I look at the real estate graph of home values by high school zones is that values have risen this year in each one!
Now that does not mean that all price ranges are appreciating (we know there is still a glut of homes for sale above $250,000), but it is great news nevertheless. Just look how long values had been falling, so it is nice to see the recovery underway.
In the graph above, we see home values expressed as price per square foot, and the most house for the dollar today can be found in the Godby High School zone (blue line). The black line shows that the most expensive homes are in the Chiles High School Zone.
Real Estate Appreciation By High School Zones
As we mentioned above, all five high school zones are reporting real estate appreciation. The Rickards High School zone leads the recovery with 11% appreciation while the Leon High School zone trails the rest at 5% appreciation. Lincoln High School is doing second best at just over 6% real estate appreciation.
Again, not all price ranges are appreciating, and we should expect these types of appreciation rates to continue for quite some time, as the Tallahassee real estate market had been beaten down far below the cost of replacement for most homes.
If you would like to know more about selling a home or buying a home within one of our great Tallahassee high school zones, just drop me a note and we can schedule a time to review your current needs and goals.
*Joe Manausa Real Estate is a brokerage company headquartered in Tallahassee, Florida. Its unique business model provides specialists to both home sellers and home buyers, and the results speak for themselves. JMRE has significantly more 5-star reviews on google than any other local competitor. Joe Manausa Real Estate is a leader in internet marketing and utilizes search engine optimization, email marketing, social media and data analytics to get their clients’ home sold faster and for more money than any other Tallahassee brokerage firm. For more information, visit www.manausa.com or call us at (850) 366-8917.
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