The Real Deal Miami

SoFla has fourth-most affordable areas with good schools

Chicago ranked highest for affordable neighborhoods with good schools

November 19, 2015 12:00PM

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A 2009 photo of Miami's skyline (Credit: Nigel Morris)

A 2009 photo of Miami’s skyline (Credit: Nigel Morris)

A ritzy penthouse in Brickell might be out of reach for most South Floridians, but a new report from CoreLogic shows that the region has more affordable neighborhoods with good schools than most of the nation.

The report looked at 7,200 zip codes throughout the United States and matched them up the median price to buy a house in each area, along with their residents’ median income. Areas where a family would have to drop more than one third of its income to buy a house were deemed unaffordable, while spending less than one third was labeled as affordable.

Out of the 7,200 zip codes, 1,823 had at least one elementary school that posted test scores above state averages. And of those 1,823 zip codes, 1,192 had home prices above what a median family could pay.

Despite the continued rise of home prices in South Florida, the region had 20 affordable zip codes with at least one good school, placing it fourth in the nation. Ahead of South Florida was the Phoenix, Arizona, metropolitan area with 22 affordable zips, Detroit, Michigan, with 45 and Chicago, Illinois, with a whopping 172.

Some of our 20 zip codes include: 33172 in Doral, where the median price for a home was $149,000. The area’s above-average elementary school is the Doral Academy of Technology, which enrolls 190 students, according to the report. 33054 in Miami Gardens, with a median home price of only $92,000. The school there is the North Dade Center for Modern Language, which enrolls 405 students. And 33312 in Fort Lauderdale, where the median price for a home is $195,000, and the school is the Charter School of Excellence at North Lauderdale, with 34 students. — Sean Stewart-Muniz

Here’s a complete list of South Florida’s top 20 affordable areas with good schools:

CityZip-codeMedian home priceSchoolStudents enrolled
Miami Gardens33054$92,000North Dade Center for Modern Landuage405
Delray Beach33484$105,000Morikami Park Elementary School808
Doral33172$149,000Doral Academy of Technology190
Homestead33032$158,000Air Base Elementary School793
Hollywood33020$149,995Ben Gamla Charter School580
Miami33183$170,000Archimedean Academy579
Pembroke Pines33025$165,950City of Pembroke Pines Charter1,928
Plantation33324$168,500Central Park Elementary School1,098
West Palm Beach33405$195,000South Olive Elementary School691
Royal Palm Beach33411$197,230Western Academy Charter School386
Miami33177$199,450Somerset Academy Charter567
Miami33174$200,000Pinecrest Academy North Campus418
Fort Lauderdale33312$195,000Charter School of Excellence at North Lauderdale34
Lake Worth33467$210,000Manatee Elementary School1,078
Miami33176$210,000Leewood Elementary School827
Boca Raton33428$216,000Waters Edge Elementary School811
Pembroke Pines33026$206,000Pembroke Lakes Elementary School545
Palmetto Bay33157$225,000Coral Reef Elementary School834
Boynton Beach33472$229,000Ben Gamla Palm Beach280
Miami33186$230,000Calusa Elementary School883