Insights into How Higher Education Impacts Property Values by Zip Code

In Los Angeles, CA, the median sale price is $413,900 with homes typically staying on the market for 48 days. When comparing to Boston, MA, which has a median price of $635,200, we can see a difference of $221,300. This is a significant difference, and it's essential to understand the factors that contribute to this disparity.

The data shows that cities with higher educational attainment tend to have higher property values. In Los Angeles, the majority of residents have a high school diploma or higher, with 82.3% of the population holding a degree. In contrast, Boston has a higher percentage of residents with a bachelor's degree or higher, at 64.3%.

This difference in educational attainment is reflected in the property values. In Los Angeles, the median home value is $413,900, while in Boston, it's $635,200. This represents a significant difference of $221,300. When looking at the distribution of home values, we can see that Los Angeles has a more even distribution, with 34.1% of homes valued between $200,000 and $300,000. In contrast, Boston has a higher percentage of homes valued above $500,000, at 24.5%.

Another factor to consider is the percentage of residents who are renters. In Los Angeles, 44.1% of residents are renters, while in Boston, it's 45.8%. This difference may also contribute to the disparity in property values.

For a more in-depth analysis, we recommend checking out our property values analysis, property values analysis, and how to future-proof your investment to understand the impact of natural disasters and other factors on property values.