GreatSchools Ranked 9 out of 10, BUT horrible neighborhood? (Real Life Examples Please)
Generally speaking, does anyone know of a specific example that shows a high scoring elementary / middle / high school neighborhood deteriorate into eventual disaster and lowered home values (perhaps some neighborhoods in Detroit)?
I'm talking about neighborhoods that have elementary, middle, AND high school ranking 8 out of 10 or higher.
It seems to me that ultra high ranked schools in the 8 - 10 range on GreatSchools seem to have a nearly 100% correlation toward the neighborhood quality and the desirability for people to move in, and tends to generally remain a high ranking school (except in extreme cases). The homes in those highly regarded schools also tend to be more expensive. I'm guessing the higher property values also help fund the school district better, and because the homes in that elementary school are more expensive, it slowly becomes more and more exclusive to the more affluent (who generally do better in school). Hence a self perpetuating cycle. Whether it's correlation or causation, there definitely seems to be a link.
And keep in mind, I'm narrowing the field down to the elementary school level. Things can sometimes get a little wonky within the same middle / high school zone with different feeder elementary schools.
I've see this pattern of elementary school boundaries GREATLY affecting home values in Orange County, CA, Houston, TX area, and the southern suburbs of Atlanta, GA.
Great schools = great real estate potential, seems to make sense, but I would like the counter examples that have ACTUALLY happened, and not just hypothetical.