Thursday, March 30, 2017 || By Local News Curator || @maywoodnews
The New York Times’ “The Upshot” blog has developed an interesting interactive graphic that shows the correlation between the price of homes (per square foot), the quality of schools (based on grade-level proficiency) and the average commute time of residents within a given school district.
The authors of the post,
“There are many factors in a home price, of course, but economists have estimated that within suburban neighborhoods, a 5 percent improvement in test scores can raise prices by 2.5 percent. And for many cities, this is largely the pattern — prices rise with school quality. But there are some districts that break this pattern: schools that deliver on quality with homes that are relatively cheap.
Using home price data from Redfin, a national real estate brokerage, and school quality data based on test scores from the Stanford Education Data Archive, we developed a set of charts that look at school quality, home price and commute.”
You can read the entire article here. Below, we’ve extracted information available in the graphic that’s relevant to the Chicago area, particularly four local school districts.
For instance, Bellwood District 88, where residents pay $80 per square foot for housing, students perform 1.9 grade levels below average. The average commute time is less than 30 minutes.
P A I D A D V E R T I S E M E N T S