Zillow district report shows the psf price of West Windsor (top school district) only 10% higher than Edison ($250). (I thought top school district would command much higher psf price.) A south Edison home of the same size would probably cost perhaps 10-25% lower than West Windsor. Is my estimate reasonable?
System uses median listing psf, which is the most accurate statistics , better than “average” psf.
West Windsor does have much higher median home prices (about 80% higher) than south Edison. I think it’s mostly due to larger size, rather than psf price or school district.
Scarsdale is top school district. Median psf is $528 (https://www.zillow.com/scarsdale-ny-10583/home-values/), about double of Edison, but home values are 3 times. It has to be the home size.
My explanation — The working class don’t need well renovated, well maintained homes, or big homes. Therefore, in their districts, homes tend to be smaller and less maintained. Bayonne has multi-family houses with less than 1000 sqf for 2BR unit.
In many high-end locations (clean streets, parks…) there are plenty of condos showing 2/3 or half the SFH price tags. Between condo and SFH, there are also town homes.