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School construction tends to track population growth and new development. Studies have shown that educated cities are more resilient and that successful schools can impact the demand and price for housing in the vicinity, making education a key component to the prosperity of a city.“10 Takeaways: How Schools Impact Home Values.” Raleigh Real Estate. Accessed January 19, 2023. https://www.raleighrealtyhomes...,and%20low%2Dperforming%20school%20districts.

Bui, Quoctrung, and Conor Dougherty. “Good Schools, Affordable Homes: Finding Suburban Sweet Spots.” The New York Times. The New York Times, March 30, 2017. https://www.nytimes.com/intera...;mtrref=undefined&assetType=PAYWALL. However, school planning must be analyzed and strategically implemented in order to accommodate fluctuating populations over time, which impacts the demand for individual school buildings. By considering more flexible building systems, municipalities can more easily accommodate the future needs of schools and their communities as they expand and contract.


A 2017 study showed that 26% of homebuyers consider the quality of schools when looking for a new house.“Education Level Drives City Growth.” NBER. Accessed January 5, 2023. https://www.nber.org/digest/jun04/education-level-drives-city-growth. According to the Brookings Institution, on average, housing costs are nearly 2.5 times higher near high-scoring public school districts than near low-scoring districts.Glaeser, Edward L., and Albert Saiz. “The Rise of the Skilled City.” NBER, December 29, 2003. https://www.nber.org/papers/w10191.
“Public Schools and Urban Development.” Taylor & Francis. Accessed January 3, 2023. https://www.tandfonline.com/doi/abs/10.1080/01944368508976803?journalCode=rjpa20.
Another report states that every dollar spent on public schools in a community increased home values by $20.Rothwell, Jonathan. “Housing Costs, Zoning, and Access to High-Scoring Schools.” Brookings. Brookings, February 9, 2017. https://www.brookings.edu/research/housing-costs-zoning-and-access-to-high-scoring-schools/. Per the New York Times, economists have estimated that a 5% improvement in test scores in suburban neighborhoods can lead to a 2.5% increase in property prices.Shannon WilsonShannon Wilson is a former Digital Content Associate for Builders Digital Experience (BDX). Her main role was to create video content. “How School District Ratings Affect Your Home Value.” NewHomeSource, October 29, 2020. https://www.newhomesource.com/learn/school-district-ratings-affect-home-value/. Another states that as the "number of college graduates per capita doubles, the expected growth rate over the decade rises by roughly 4 percent."“Working Papers.” NBER. Accessed January 2, 2023. https://www.nber.org/papers.

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