Quantcast

Photo via Shutterstock

How much does it really cost to live in a neighborhood with high-ranking schools?

A new study from RENTCafe took a look at what cities and ZIP codes throughout the country that rated 8, 9 and 10 by GreatSchools.org and what it costs to live there. According to their findings, five Queens areas were among the top 20 ZIP codes with high-ranking schools where renting is cheaper than in ZIP codes without a top-rated school.

Rents in ZIP code 11432 (Jamaica), which has two top-rated schools, had average rents of $1,765, which on average is $1,620 cheaper than in areas without top-rated schools. This price difference was the largest difference compared to RENTCafe’s findings.

Following behind the Jamaica area was the 11355 ZIP code (Flushing), which has six top-rated schools. In this area, averages rents were priced at $1,885, marking a $1,500 difference compared to areas without top-rated schools. Right behind Flushing is the 11373 ZIP code (Elmhurst), which has four top-rated schools, with average rent prices of $1,917, a $1,468 difference compared to areas without top schools.

The fourth Queens area, listed with one high-ranking school, was the 11368 ZIP code (Corona). In this neighborhood, average rents were priced at $1,952, showing a $1,433 difference compared to areas without top-rating schools.

Finally, with four top-rated schools, the 11374 ZIP code (Rego Park) had average rent prices listed as $2,104. This marked a $1,281 price difference compared to neighborhoods without high-ranking schools.

Visit rentcafe.com to read the full report. Check out the chart below to see how these Queens areas compared to other American neighborhoods.

 

Comments:

Join The Discussion



Related Stories
New York City renters not afraid to move during pandemic
New York City renters not afraid to move during pandemic
Two art districts in Queens rank in report among the top 10 most affordable in the nation – but are they?
Two art districts in Queens rank in report among the top 10 most affordable in the nation – but are they?


Skip to toolbar