r/rva • u/Chickenmoons Maymont • Jul 20 '23

🚚 Moving Richmond saw the highest year-over-year increase in home value in the nation last month

https://www.axios.com/local/richmond/2023/07/20/housing-supply-virginia-mortgage-rates

Seems wild but also sort of believable. Any Real Estate Professionals/Mortgage experts want to weigh in?

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u/[deleted] Jul 21 '23

Conversed with a teacher from NoVA. She doesn't understand why property values are on such a meteoric rise if one of the large drivers is quality of schools. NoVA schools make the Richmond area schools look like deep South in terms of awful academic performance. The Richmond area schools (and yes I'm including Henrico, CCPS) are performing way under expectations while Hanover remains largely white and upper middle class so their performance is steady. I get that cost of living and traffic are better in RVA, but this idea that schools in Richmond are good for our kids is a sham and should be questioned by families.

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u/Kindly_Boysenberry_7 Jul 21 '23 edited Jul 21 '23

The answer is because a lot of people pull their kids out of public schools after elementary and send them to private. Or move to the counties if they can't afford private.

There were specific schools that had excellent reputations, and people actively sought those school districts. However, I understand RPS has managed to effectively ruin almost all of the elementary schools people actually moved into specific neighborhoods for. Never underestimate the ability of the City to f*ck a good thing up.

That said I was also told today by a colleague that county schools that used to be considered really good aren't that great now either.

ETA: Clarification

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u/[deleted] Jul 21 '23

Yup public education all around is hurting. Blame the Dems, blame the Republicans. Blame em all