GHCHS RELIABLE BOOSTER OF REAL ESTATE PRICES

January 23, 2018

 

 

Gloria Rodriguez is walking out the front of Granada Hills Elementary and looking back at her smiling mother. Today is Gloria’s last day of elementary school and her mother couldn’t be happier.  Soon she will being going to her choice of several great middle schools, which will eventually lead her to the prestigious Granada Hills Charter High School.  

 

Rosa is excited because when she moved here from Mexico at age 17. No one in her family ever had the opportunity to go to college. Now her daughter is on track to do just that.  By choosing Granada Hills as their home, they have been able to provide their daughter with a great opportunity at a competitive career, without having to pay high prices for private school.  


Gloria is also excited because she has so much equity in her home from it gaining value over the years. Pulling out equity to pay for college won't be an issue - practically guaranteeing a safe path to high-quality education.

 

She loves this area and knows that by living near good schools, she is bringing her child up around other people who value education.  She knows by being around people like this, they are less likely to experience crime. She can feel safe letting her daughter meet people throughout the neighborhood.

 

One of the things Granada Hills is known for is especially Granada Hills Charter High School. This reputation has also helped home values in the area and makes for a strong investment. Many researchers have shown in general that this is a common correlation and can be expected to continue into the long term, especially in areas that have strong community support like Granada Hills.  

 

Granada Hills Charter High School ranks very well nationally, across the state, and throughout the San Fernando Valley.  For many years, Granada Hills has had strong community involvement and has long had a local culture of valuing education.

 

As the name implies, it is a charter school and it has a very high ranking among charter schools. US News who is one of the leaders in high school ratings and rankings puts GHCHS at 779 nationally out of over 22,000 schools (1).  Among Charter Schools throughout the nation they ranked at #147.  It ranks in the top 5 for Math and English proficiency within LA Unified out of a total 229 schools, with 85% percent proficiency in Math and a 81% proficiency in English.  Their academic decathlon won five years in a row in 2012, 2013, 2014, 2015, 2016 and 2017.  

 

Granada elementary is also a strong school, though not as highly ranked as the charter high school.  It ranks in the 70th percentile among elementary schools in California.  It is a California Distinguished School and A Title I Academic Award Recipient.  It is also a part of the LA Unified School District (2)

 

In general a correlation between school performance and home values is common.  A “recent study by the Brookings Institution found that housing costs tend to be higher in areas where high-scoring schools are located. The study, which looked at the 100 largest metro areas in the country, found an average difference of $205,000 in home prices between houses near high-performing and low-performing schools.” (3).  “A 2013 realtor.com® survey of nearly 1,000 prospective home buyers showed that 91 percent said school boundaries were important in their search.” (4)  This is the sort of thing that is important even to people who do not have kids because people just like to be around other people who are educated.  As those children grow up they will be much more ready to take roles in the community by having that strong educational background.  

 

In a study that examined the difference between having all students be put on a course to be prepared for college as opposed to only preparing some of the students they found that when all the students were ready for college that the group was 5 percent less like to ever be convicted of a crime. (5)  They even  found that throughout the next two generations the crime rate continued to drop by another 2.5 percent.  They found that by investing in education they were essentially killing two birds with one stone.  It’s no wonder that people would pay extra for a house in an area with good public schools because this investment pays off in the form of better education for their children, a stronger community, less crime, and of course a strong real estate investment.

 

The strong schools in Granada Hills make this a great neighborhood to buy a house regardless of whether or not you plan to raise a family there.  Not only do the good schools help the home values but, the strong schools are certainly a reflection of the strong community of hardworking people.  If you value hard work and education, Granada Hills is the perfect place to live near people with similar values.

 

Sources:

 

(1)

https://www.usnews.com/education/best-high-schools/california/districts/los-angeles-unified-school-district/granada-hills-charter-high-2542

 

(2)

https://www.publicschoolreview.com/blog/what-is-the-connection-between-home-values-and-school-performance

 

(3)

https://granadaes-lausd-ca.schoolloop.com/

 

(4)

https://www.realtor.com/advice/buy/the-right-school-district-how-much-do-schools-affect-real-estate-prices/

 

(5)

https://www.washingtonpost.com/news/wonk/wp/2012/07/30/how-education-reform-can-fight-crime/?utm_term=.93f71982dec9

 

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