Ranking first overall and part of Collin County, Texas, Plano Independent School District is a large school district serving about 54,000 students. Plano Independent School District – Collin County, TX

Wisconsin, Pennsylvania, Iowa and Virginia are also great options. Wisconsin, Pennsylvania, Iowa and Virginia are the other states with multiple school districts in the top 25.ġ.

Furthermore, 16 of our top 25 school districts to buy an affordable home are in Texas. They include the following Independent School Districts: Plano, Georgetown, Denton, Round Rock, Lewisville and Wichita Falls. Six of our top 10 school districts to buy an affordable home are in Texas.

There are many high-performing, affordable school districts in Texas.

For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below. In order to account for housing affordability in each district, we filtered out school districts in counties where the median home value was four times the median household income. To do this, we used 2016-2017 school year data from the National Center for Education Statistics and the Department of Education EDFacts along with the Census Bureau’s 2017 1-year American Community Survey. In this study, we uncovered the best school districts in which to buy an affordable home. Similarly, the performance of public schools may not be reflected in the residential housing market, according to the NBER, creating an opportunity for people with school-aged children to buy an affordable home within a great school district. As a result of inefficient spending, for example, school expenditures may not necessarily imply better school performance and student outcomes.

While the three factors – school performance, school expenditures and home values – are generally intertwined, there is some variance. According to a 2002 report published by the National Bureau of Economic Research (NBER), “Using Market Valuation to Assess Public School Spending,” every dollar spent on public schools in a community increases home values by $20. High-performing public schools and robust public education spending are often correlated with high home values.

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