Real Estate Markets Thrive When PA Schools Work
How equitable school funding can boost student performance and home values
Real estate professionals know that school quality is a major consideration for many home buyers. Communities with good schools are sought after by more buyers, raising real estate values. These higher home values, in turn, grow the local property tax base, to fund schools and other community resources. On the other hand, underperforming schools can have the opposite effect, deterring buyers, suppressing real estate values, and limiting the local property tax base. Inadequate state funding for K-12 education exacerbates this problem in struggling communities. Rising property taxes in low-wealth communities, combined with underperforming schools is a deadly combination for a real estate market.
There is a mutually reinforcing relationship between school quality and home prices.
Research shows that home values rise and real estate markets benefit when school quality and student performance improve, particularly in communities with underperforming schools. Greater state investment in equitable public school funding can foster these positive outcomes for Pennsylvania’s students and communities.
Sign-on Letter for PA Realtors
Please click here to join realtors across Pennsylvania in urging Governor Wolf and the General Assembly to reduce local property taxes by investing in greater long-term state funding for K-12 education through the Fair Funding Formula.
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