Top Rated Schools: Madison School District in Central Phoenix
September 17, 2008
Good Phoenix schools draw in residents and tenants.
Central Phoenix has more going for it than lush green landscaping,
unique historic homes and short commutes: Central Phoenix also has one
of the top school districts; the Madison School District.
This is a very desirable school district. Schools perform well and excel by our states standards. This school district has very well organized and dedicated staff and related organizations.
A school district like
Madison creates a demand for home near the schools. Most homes in
Central Corridor and North Central Phoenix are in the districts
boundaries or close enough.
Not only do good schools help keep housing prices and demand up but they help draw in good tenants to the area. This means that--if it makes financial sense--investors in single family homes and small multifamily units will have lower vacancy rates and better rents: this is exactly the case in Central Phoenix.
The central corridor is about 10 square miles and includes the following zip codes in whole or in part:
Zip Code | Median Home Price | Median Price p/SF |
85012 | $482,000 | $224.00 |
85013 | $260,000 | $189.00 |
85014 | $250,000 | $166.00 |
85020 | $247,000 | $186.00 |
(ARMLS data, Median price based on annual data)
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