These are some of the questions that were posed by researchers who recently published a study on the effect of school schedule (year-round vs. traditional summer break) on the values of homes assigned to those schools. This study focused on homes in Wake County, North Carolina which is home to Raleigh, Cary, Apex and other communities I serve as a realtor, so naturally its findings are of interest to me, and I thought they may also be of interest to others who may be buying or selling homes in Wake County.
Here’s the quick summary: Wake County homes assigned to schools with year-round schedules sold for 1.5 – 2 percent less than homes assigned to traditional calendar schools.
It’s common knowledge that school assignment has an impact on the desirability of certain neighborhoods or certain homes, but typically the focus has been placed on school performance measures, student achievement scores, etc. This study took advantage of the before/after scenario that was created when Wake County transitioned 22 schools from traditional calendars to year-round calendars; researchers used this natural experiment to look at exactly how much the school’s schedule, apart from other factors, affected home values.
As the News and Observer article mentioned, local residents and real estate agents may disagree with the study’s findings. Anecdotally, I know many families who love the year-round schedule, both in Wake County and in Durham (where we also have many year-round public schools.) There are certainly advantage to both types of schedules. I’ve heard people say how much the year-round schedule helps their children’s retention, but then I’ve also heard how challenging it can be for parents who have one child in a year-round school and one child in a traditional school.
As a real estate agent, I often get asked about the schools in Durham and Wake County. My best advice to any parent is always to check out as many resources as possible, but most importantly to visit the schools and meet with teachers. I provide a lot of great information and links about Durham’s public schools here on my website, but nothing can take the place of in-person visits and meeting teachers and other parents.
About the author: My name is Matt Minor and I’m a real estate agent with Hunter Rowe Real Estate in the Raleigh-Durham area of North Carolina. I’d love to help you buy or sell a home in the Triangle. Give me a call at 919-450-5999, or email me at firstname.lastname@example.org if you’re thinking about buying or selling a home in Raleigh, Durham, Chapel Hill, Cary, Apex, Carrboro, Clayton, Fuquay-Varina, Garner, Holly Springs, Knightdale, Mebane, Morrisville, Sanford, Smithfield or Wake Forest.