Beyond University and School Data: How Real Estate Market Data Can Benefit Educational Institutions (Part 1)
As a school leader, you likely already use a range of datasets to boost student engagement and the performance of your school. However, actionable school data no longer needs to be limited to class size, student attendance, and test scores– taking a broader look, and investing in real estate market data can help improve the effectiveness of educational institutions in several ways.
From providing early indicators for potential school drop outs to strengthening relationships with students, parents, and community stakeholders, real estate data has a number of benefits for schools. In this post, we explore how schools can use our transactional data products to enhance the learning environment and improve outcomes.
How Real Estate Market Data and Can Benefit Local Schools
Real estate data can help guide your priorities as an education professional. Which students and their families are most in need of support and attention in terms of academic performance and student wellbeing?
The number of school days missed by students and drop out rates can be directly correlated to the living situation of the students. ATTOM’s comprehensive property data can be used as an early indicator of students most at risk of drop-outs before their situation deteriorates.
For example, low-income families whose homes have entered foreclosure are often forced to move out of their current school district and send their children to new schools. In addition, studies show that students in the bottom 20% of family incomes are five times more likely to become high-school drop outs than students in the top 20% of all family incomes.
Our Foreclosure Market Report, showcasing the latest figures in default notices, scheduled auctions, and bank repossessions across America, can be used to gain insights into at risk areas and students.
How Data Allows for Evidence-Based Discussions on Student and School Performance
In addition, demographic data can help to explain the performance of a school to parents and community stakeholders. Victoria Bernhardt, Ph. D., executive director of the Education for the Future Initiative, notes that demographic data can be used to analyze the effectiveness of schools.
Demographic data impacting the effectiveness of schools includes the student body (such as their race), the teachers (such as their level of training), the school (such as its structure and resources), and the community itself – such as the economic and social trends of the wider community.
Data on real estate market trends, such as the data covered in our Affordability Report and Home Equity and Underwater Report, can help educators to gain insights into these vital socio-economic drivers behind school performance. Data-driven insights allow you to turn your ‘hunches’ into ‘facts’, promoting evidence-based discussions on school policy and performance with community stakeholders and parents.
How Real Estate Data Can Help You Improve Community Outreach Programs
In addition, as an authority at a school or university, you are often expected to drive academic attainment and curtail drop-out rates by supporting local families and the wider community within which your institutional is rooted. From Denver to Baltimore City, many schools are now expected to run family and community outreach programs.
Accurate, comprehensive property data on the local real estate market, such as the data covered in our Homes Sales Report and Foreclosure Report, can be used to inform decision making on the communities, families, and students most in need.
Capitalizing on the Benefits of Real Estate Market Data for Thriving Schools
Many schools are now utilizing a range of data sets to help them achieve their objectives. But school data shouldn’t be just limited to class sizes and test scores. Real estate market data can help schools improve their relationships with students, parents, and the wider community.
Our real estate market reports provide easy-to-digest, accurate insights into real estate market across the U.S.. The real estate data found in our market reports covers neighborhood data for over 99% of the U.S. population and over 155 million U.S. properties. To find out more about our real estate reports, contact us here.
Be sure to check out part 2 on real estate market data for schools, where we discuss how data can improve the performance of educational institutions, we dive into how real estate data can be used to benefit universities.
