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Homes Near Good L.A. Schools Can Cost $300,000 More

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Thu, Sep 26, 2013 at 8:06 AM

click to enlarge THE JONES RESIDENCE ATOP SILVER LAKE VIA MICHAEL LOCKE / LA WEEKLY FLICKR POOL.
  • The Jones Residence atop Silver Lake via Michael Locke / LA Weekly Flickr pool.
Buying a home in L.A. is already nuts as it is. It takes a median family income of $73,210 -- more than what 65 percent of American households take in -- to qualify for a median-priced, $380,890 residence in the market. And take a look at those $380,890 winners out there. Not exactly mansions

See also: New Report Says Your L.A. Dream Home ... Is an Apartment.

In other words, you're screwed. And now there's this. If you want to own a place near a top-ranked public school in the L.A. market, you'll have to fork over an extra $300,000, according to a new report from online real estate firm Redfin:

Even with that exorbitant cover charge to get your offspring into a decent school, L.A. did not rank as the most expensive place in the nation for good-school-adjacent real estate.

We were beat out by No. 1 San Jose and second-ranked San Francisco.

click to enlarge REDFIN
  • Redfin

According to Redfin:

Coastal California leads the way in terms of cost, with homes in the highest-ranking school zones running from $300,000 more in Los Angeles to nearly $500,000 more in San Jose.

Ouch.

Redfin says it looked at Onboard Informatics and GreatSchools elementary campus data and compared it with homes sold nationwide between May 1 and July 31.

It did find some bargains. For the L.A. area you might have to move to ... Buena Park. There you'll find a roughly $423,000 home near the well-regarded Dysinger Elementary School.

Of course, you'd have to live in O.C.'s Buena Park. The alternative would be to do what many already are: Put off procreation.

Send feedback and tips to the author. Follow Dennis Romero on Twitter at @dennisjromero. Follow LA Weekly News on Twitter at @laweeklynews.

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