An infographic released today by realtor.com indicates that it is — by quite a bit.

graphic-018

The company examined home prices and appreciation rates in ZIP codes that included what realtor.com termed a “drag-me-down facility.” As the infographic indicates, those unwelcome additions to neighborhoods included hospitals, shooting ranges, power plants, funeral homes, cemeteries, homeless shelters, high concentrations of renters, strip clubs or bad schools.

Realtor.com limited its scope to ZIP codes within the 100 largest metropolitan areas.

“While a top-performing school is definitely a plus for your property value, a bad school is a complete, out-and-out disaster,” wrote the company in its post. “The median home price of ZIP codes with schools that receive a 1 to 3 rating (out of a possible 10) from GreatSchools.org is only $155,000.”

The company noted that correlation doesn’t equal causation, but consumers — and industry professionals — will no doubt find these conclusions fascinating.

Email Amber Taufen

Like me on Facebook! | Follow me on Twitter!

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×