Hot and Affordable Maryland Neighborhoods to Buy a House In

Finding a place to put some roots down isn’t easy anywhere. Home buying involves countless factors to be considered and loads of stress no matter where you decide to buy, but it’s especially hard if you’re looking in the Greater Washington D.C., Maryland, Virginia locations.

Living near the city offers unbeatable convenience, whether it cuts down commute time or keeps you close to the nation’s monuments, everyone wants a different aspect of city life. Even if it comes at a cost. But for most families looking to settle down near Washington D.C., the main problem is space. It’s the hunt for space, a garage, a yard, and uncrowded streets that ultimately draw people a little farther away from the heart of the city and into neighborhoods that may not have been on the radar in years past but are becoming more and more appealing as prices go down and new developments arise.

So what makes these neighborhoods attractive?

Southeast D.C.’s Marshall Heights has been catching fire in terms of affordability, but what most don’t know is that just bordering this hot neighborhood on the Maryland side is a great community with an unbeatable price-per-square-foot value in the 20743-zip code.

Value is increasing in neighborhoods across Prince George’s country as well, which has historically been cheaper than other D.C. communities. The Hyattsville area offers drop-dead gorgeous cape cods and Victorians that are charming and reasonably priced, considering proximity to the city. District Heights is a budget-friendly community with a $204,500 median home price which is 30% lower than the Maryland average, and not much added commute time.

You can’t really go wrong picking the right Greater D.C. school district for your kids. Marlow Heights, Hyattsville, and most Prince George’s County schools spend an impressive $16,054 per student compared to the country’s average $12,383 and has an impressive student to teacher ratio.

While the District of Columbia and Alexandria have been the places to watch for in the past, these Maryland neighborhoods are worth keeping an eye out for, something tells us you should take a look at these neighborhoods sooner rather than later.

How School Districts Affect Home Value

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Depending on the state you live in, school taxes, which all homeowners have to pay, may be  directly related to the value of the home. Homes located within more desirable districts tend to have a higher value than comparable homes in other districts.  Before you put in an offer, let’s take a look at the relationship between school districts and home values and what you need to consider.

School District and Home Values

Better performing school districts are often surrounded by higher valued homes.  There is no way to definitively determine whether the houses are more expensive because of the performance of the school district, or that more affluent families can afford these houses and seek to live in better school districts.  The schools’ performance may be due to families with higher education who encourage high performance from their children. The more money and education a community’s residents have, the higher performing the school district.

Researching Districts

If a great school district is what you’re looking for when considering your next home, make sure to do the research.  Education records for public schools is public record. You can find out the teacher salaries, demographics of the schools, student test scores, rankings, and how many students are receiving free lunch. Schools with a higher teacher to student ratio and with higher percentages of students on free lunch programs tend to perform worse than districts with lower numbers.  

When a district is doing well, home values tend to increase.  More people want to live in these neighborhoods and the demand drives the price of the properties up.  With increased values, taxes increase, and many families can no longer afford to consider purchasing one of these homes.  When you’re searching for a home to buy, make sure you take a look at the school district. Even if you don’t have children, the performance of the schools in the Maryland location, Virginia location, and Washington DC location will affect you as a homeowner.