Education & Real Estate Values – Top Bergen County Schools 2012

Tenafly High School Ranks #3 IN New Jersey

New Jersey Monthly Magazine just published it Bi-annual report onNew Jersey’s Top High Schools.  A number of high schools made significant moves up—or down—the list…The data for students going to four-year colleges was given extra weight, making it a potent driver of the results.

New Jersey Monthly made  changes in compiling this year’s rankings: Because personal computers have become widespread among the high-school population, they eliminated student/computer ratio as a factor. More significantly, they increased the weighting for data on test results and the aforementioned graduation-rate calculation. The change in weighting is intended to emphasize the importance of student results at a time of budget cutting, when even the best schools must learn to do more with fewer resources.

Where one sees drastic change in rankings one can expect an immediate impact on real estate values. Case in point  is Tenafly a town that has consistently been ranked high in the top 10 schools of the state. The town’s commitment towards excellent education has benefited Tenafly’s real estate & homes for sale values that remain enviable when compared to other neighboring towns.

A noticeable upgrade is in the ranking of the Cresskill high school from place 55 in 2010 to rank 29 in 2012. This positive change  is most likely to show a positive impact on demand and perhaps even prices in this town that suffered from  a slow market in the last 3 years.

Of the towns most closely watched by this blog here is a list of the comparative rankings of  2010 vs 2012