Tuesday, January 19, 2016

Where to Buy and what about schools

Happy New Year

Coming to the Upper Valley as a Realtor I almost always hear from Buyers "I want to live in a town with very good schools." then some will say  "I am a first time home buyer, looking for a home between the price of $200,000 and $250,000."

Many reports and people will tell you Hanover is the town with the best schools in the area, but at what price?

Schools are a very important topic for Buyers.

Buyers need to understand that it is not just the school but the parent participation in the schooling that brings your child to adulthood.  Yes there are some school that are not up to the standards of others, but in NH and VT both states are struggling with lower enrollment and higher tuitions.  In both states compared to larger cities we have very small school districts, with fairly large budgets. 

20014 -15 New Hampshire State average cost per pupil is $14,374.93

Cost per pupil in the Upper Valley;

Hanover       $19,011.82

Lebanon       $19,247.07

Grantham     $17,460.90  town has area agreement sending 7 through 12 to Lebanon

Croydon       $15,839.64  school choice after 4th grade, 2015 town allows tuition payments to private schools.

Enfield          $16,658.53  Mascoma Valley Regional School District

Claremont    $16,161.86

Newport        $15,525.73

Plainfield       $19,977.48 Town has area agreement with Lebanon for 9-12th grade

Charlestown $16,328..23 Charlestown has full day kindergarten, and 1/2 pre-kindergarten for all students

Sunapee        $22,619.13

Lyme            $19,114.43

Median Selling price in 2015 for homes in each town.

Town                   Median Selling price                # of sale in 2015     Tax Rate     Median Tax bill 

Hanover                      $595,000.00                                      75                        $19.35            $11,513

Lebanon                      $234,000.00                                    138                         27.61                6,460

Grantham                    $247,000.00                                      19                         24.13                5,960

Croydon                      $199,000.00                                      13                         16.96                3,375

Enfield                        $192,500.00                                      55                         25.08                4,828

Claremont                    $97,000.00                                     120                         41.47                4,023

Newport                      $134,875.00                                      52                         29.25                3,945

Plainfield                    $260,000.00                                      23                         27.25                7,085

Charlestown                $118,000.00                                     41                         32.19                 3,219

Sunapee                       $260,000.00                                     58                         15.01                 3,906

Lyme                           $459,000.00                               20                     24.63            $11,305

 

 

If you are looking for bang for your dollar you have to compare more than just the school & tax rate.  Take the average Median home place it in several different towns and the numbers above will give you a yearly tax bill.  The tax bill added to your mortgage as a first time home buyer will either allows you to afford more or less of a home.

 

My information came from the MLS and the web sites below.

 

http://my.doe.nh.gov/profiles

 

Alternatives to public schools would be State approved Charter Schools see the link below.

http://education.nh.gov/instruction/school_improve/charter/approved.htm

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*The listings in the chart above are subject to errors, omissions, and changes without prior notice. Information was downloaded from NNEREN. RE/MAX Upper Valley may or may not be the listing agent for these properties. Additional properties not on MLS may be available and not referenced

 

*Your information is not confidential until you have entered into an agreement for representation

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Deb Roberts CHMS

RE/MAX Upper Valley Partners

Upper Valley Realtor of the Year 2010

| mobile: 603-381-3977 | www.DebHome4U.com | 603-298-8900

Licensed in New Hampshire and Vermont

Encourage, Educate, Engage, Build, and Deliver

   

 

 

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