{"id":34336,"date":"2015-12-22T06:37:01","date_gmt":"2015-12-22T14:37:01","guid":{"rendered":"http:\/\/www.rentcafe.com\/blog\/?p=34336"},"modified":"2019-02-11T02:58:34","modified_gmt":"2019-02-11T10:58:34","slug":"texas-renters-pay-50-higher-rents-to-live-near-top-rated-schools","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/texas-renters-pay-50-higher-rents-to-live-near-top-rated-schools\/","title":{"rendered":"Texas Renters Pay 50% Higher Rents to Live Near Top Rated Schools"},"content":{"rendered":"

Is it more expensive to rent in a premier school district? Texas renters with young families know the answer to this question all too well and end up paying more on housing to ensure their children get access to the best education possible. But how much more are we talking about? And which Texas cities put the highest price tags on access to quality education?<\/p>\n

Extra-Rent-for-Top-Schooling Premium Hits $4,500\/Year in Texas<\/h2>\n

Our research shows that renters spend up to 50% more on rent to live near the top performing elementary schools in Texas\u2019 major hubs<\/strong>, including Houston<\/a>, Dallas<\/a>, Fort Worth<\/a>, San Antonio<\/a>, Austin<\/a>, and El Paso<\/a>.<\/p>\n

\"Average<\/a><\/p>\n

We compared the average rent of properties located in close proximity to the highest-ranked public elementary schools\u00a0in Texas<\/a> (A+, A, A-) versus those situated near the lowest-ranked elementary schools (F).<\/p>\n

While rents in all six cities are clearly pushed up by location and the school attendance zone, the San Antonio rental market in particular is red hot<\/strong> in this respect. If a 55% increase in rental rates doesn\u2019t say that much to you, how does an extra $395 per month<\/strong> sound? This is how much more San Antonio renters shell out every month to live near an award winning public school. When translated into yearly expenses, the premium tops $4,700 on average for parents who prioritize access to top-notch education.<\/p>\n

\"Average<\/p>\n

The average rent near Dr. David M. Copeland Elementary, for example, an F-rated facility in the Greater Dellview area of San Antonio, is $640 according to Yardi Matrix<\/a>. To reap the benefits of living in an area featuring la cr\u00e8me de la cr\u00e8me of elementary education, be prepared to chip in another $431 per month<\/strong>. Rental homes near the A+ Vineyard Ranch Elementary in Stone Oak command an eye-popping $1,071 on average.<\/p>\n

\"Regency<\/a>

Regency at Lookout Canyon is the only community in Stone Oak which is zoned to the acclaimed Comal Independent School District<\/p><\/div>\n

In Dallas, living in Lake Highlands, in the vicinity of Moss Haven Elementary School will call for $1,077\/mo on average, while moving to Redbird near the Umphrey Lee Elementary will save you $439\/mo.<\/p>\n

If you\u2019re not willing to stretch your finances that much every month, you may however choose to live in a less expensive neighborhood and still provide your children with a first-class education by enrolling them in a private school. Less on rent, more on tuition\u2026 Your choice!<\/p>\n

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Research Methodology<\/strong><\/em><\/p>\n

1. For each city, we selected top performing elementary schools (A+, A, A-) and worst performing elementary schools (F), as listed by Children at Risk<\/a>, a non-profit research and advocacy organization dedicated to addressing the root causes of poor public policies affecting children . The Children at Risk ranking assesses all campuses in Texas across three indices: Student Achievement, Campus Performance, and Growth. The resulting overall composite index is then used to assign a letter grade to each campus, as follows:<\/em><\/p>\n