A new school can positively affect property values because of 1) reputation and 2) stability.
Families often consider schools when choosing a residential community. A new public charter school with a positive reputation can cause property values to increase as families move to the area.
Quality schools also tend to remain stable, even during economic challenges. This can create a "halo effect" on nearby neighborhoods, which can be perceived as more stable, with higher incomes, and lower crime rates. Homes in desirable school zones can be a solid long-term investment and can be more attractive to potential buyers, which can make selling your home easier and potentially more profitable.
It is not uncommon for realtors to include area schools and their distances from seller listings.
