RealtyTrac: 65% of ZIP codes with good schools are unaffordable

  • Nearly two thirds (65 percent) of ZIP codes with good schools are unaffordable for average wage-earners.
  • In ZIP codes with at least one good school, the median home price is nearly double the median home price in ZIP codes with no good schools.

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

RealtyTrac released a report today showing that nearly two thirds (65 percent) of ZIP codes with good elementary schools are unaffordable for homebuyers on the average wage. Average wage-earners would need to spend more than one-third of their income to buy a median-priced home.