Powell Ohio Schools | Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts
As Delaware County Ohio has developed over the past 20 years, the Olentangy School District has become one of the most highly rated in Central Ohio.
The district is divided into two different areas. Lewis Center and Powell.
Both have their pros and cons. The cost for housing on the Lewis Center side is a little lower than Powell. Powell has a quaint Downtown with two country clubs near by. Lewis Center has easy access to Polaris Parkway and Polaris Mall.
Both areas have become highly desirable for people relocating into Columbus and the Central Ohio area.
Today, I would like to discuss today’s Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts
It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries.
What is surprising, however, is that 78% of recent homebuyers sacrificed features from their “must-have”lists in order to find homes within their dream school districts.
The top feature sacrificed was a garage at 19%, followed closely by a large backyard, an updated kitchen, the desired number of bedrooms, and an outdoor living area. The full results are shown in the graph below.
Buyers are attracted to schools with high test scores, accelerated academic programs, art and music programs, diversity, and before and after-school programs.
With a limited number of homes available to buy in today’s real estate market, competition is fierce for homes in good school districts. Danielle Hale, Chief Economist for Realtor.com, explained further,
“Most buyers understand that they may not be able to find a home that covers every single item on their wish list, but our survey shows that school districts are an area where many buyers aren’t willing to compromise.
For many buyers and not just buyers with children, ‘location, location, location,’ means ‘schools, schools, schools.’” (emphasis added)
Bottom Line
For buyers across the country, the quality of their children’s (or future children’s) education ranks highest on their must-have lists. Before you start the search for your next home, let’s get together to discuss the market conditions in our area.
Source KCM Marc Van Steyn Blog
If you have any questions about Lewis Center or Powell Ohio, the schools, amenities or the surrounding community, don’t hesitate to give us a call at 614-596-2934. We will be happy to help you. We specialize in Olentangy Schools and our agents also live here.
To reach us, please call 614-596-2934
