Whether you have school-aged children or not, we all know that quality schools in the neighborhood benefit everyone. A March 2010 survey of more than 20,000 homeowners in 3 states, published in “Educational Policy” journal, found
A strong relationship existed between those who were satisfied with their communities and quality schools. This finding was not affected by gender, age, race, employment status, or whether the participant owned or rented a home or had children in school.
Study after study also shows a positive impact on residential property values when there are neighborhood schools. A study by Kwame & Espey in Greensboro, North Carolina found that “housing values within a quarter of a mile of K-12 schools “were 18 percent higher than those beyond 10560 feet (two miles). Schools between 2640 and 5280 feet were 17 percent higher than those beyond 10560 feet. Schools between 5280 and 10560 feet were 7 percent higher in value.”
Just as important to the vibrancy of our historic Central Business District is keeping our young families here by providing neighborhood schools.
Urban neighborhoods with good schools are actually retaining and attracting families. Data from the Furman Center shows that since 2000, New York City neighborhoods with the best public and private schools have seen 5 percentage-point increases in the share of households that include children.
The Miami Downtown Development Authority is working in partnership with organizations like the Miami Downtown Neighbors Alliance and with the City of Miami, Miami-Dade County Public Schools, and others to bring new public, private and charter school options to the downtown Miami area. Your input is valuable, so please plan to attend the next general meeting on December 8 at 6 p.m.
