Wednesday, September 18, 2013

ZipRealty, Inc. (ZIPR) Releases List of Top 10 Booming Real Estate Markets with Highest-Ranking Public Schools

Leading online technology-powered real estate brokerage firm and real estate marketing solutions provider ZipRealty, Inc. has announced its list of the top 10 booming real estate markets with the best public schools in the U.S. As of mid-August 2013, these metro areas are leaders in median home price growth. The listed public schools in these areas were chosen because of their high “School Score,” which is ZipRealty’s exclusive proprietary measure of each school district’s performance on a scale from one to 10, 10 being the highest.

As home values and school scores are inseparably linked, ZipRealty gives users the most complete picture of a home’s value by providing a School Score, which is calculated based on test score data and student/teacher ratios.

ZipRealty.com allows homebuyers focused on moving into a particular school district to start their home search by entering the school district’s name in the search bar. Users can additionally find a School Score on every ZipRealty.com listing.

Topping ZipRealty’s list at No.1 is Sacramento, Calif., where median home prices have increased 40% year-over-year to $245,000. The Rocklin Unified School District in Sacramento received a School Score of 8.5. Also ranking high on the list at No. 2 is the San Francisco Bay Area, where median home prices have increased by 36% year-over-year and Piedmont Unified School District received a School Score of 9.5. Las Vegas ranked third on the list, followed by Los Angeles at No. 4, Orlando at No. 5, Phoenix at No. 6, San Diego at No. 7, California’s Orange County at No. 8, Chicago at No. 9 and Portland, Ore., at No. 10. A full a copy of the report, including specific metro-level housing metrics, can be obtained by e-mailing Stacey Corso at scorso@ziprealty.com.

For more information about ZipRealty, visit www.ziprealty.com

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