Downsizing for Baby Boomers: How Skipping the School District Premium Can Save You Big

As baby boomers consider downsizing, one major advantage that often gets overlooked is the potential to save money by purchasing a home outside of top-tier school districts. If your children are grown and out of school, the need to prioritize school rankings in your home search is no longer relevant. That shift alone can open up opportunities to buy in areas with lower home prices and reduced property taxes—putting more money back in your pocket.

Lower Home Prices Without the School District Premium

Homes in highly rated school districts tend to carry a premium, often tens or even hundreds of thousands of dollars more than comparable homes in areas with average or below-average school rankings. For years, buyers have been willing to pay top dollar to secure a spot in a desirable district, but if that’s no longer a factor in your decision-making, you can focus on other aspects—like affordability, amenities, and lifestyle.

By broadening your search to areas where school rankings don’t drive home values, you can find a property that meets your needs at a lower price point. Whether you're looking for a smaller home, a townhome, or a condo, your money will go further in areas where schools aren't the main attraction.

Property Taxes Can Be Substantially Lower

Along with lower home prices, moving out of a high-demand school district can also mean lower property taxes. In many areas, property tax rates are higher in districts with top-rated schools because local governments rely on tax revenue to fund education. Without the need to contribute to a school system you’re no longer utilizing, you can benefit from moving to an area where tax rates are more favorable.

The savings can be significant, especially in states with high property taxes. A lower tax bill means less financial strain in retirement, allowing you to allocate more of your budget toward travel, hobbies, or simply enjoying a comfortable lifestyle.

More Lifestyle-Focused Home Choices

Without the school district constraint, you can prioritize features that matter most to you now. Maybe that means a single-story home to avoid stairs, a maintenance-free condo, or a home closer to parks, shopping, or family. Some boomers are even opting for active adult communities where amenities like pools, walking trails, and social events take priority over proximity to schools.

Final Thoughts

Downsizing is about more than just finding a smaller home—it’s about making smart financial and lifestyle choices. By eliminating school district considerations from your home search, you can unlock opportunities to save on both your purchase price and long-term expenses like property taxes. That financial freedom can help make your golden years even more enjoyable.

If you're considering a move, it’s worth exploring areas where school rankings don’t drive up costs. A little flexibility could mean big savings—and a home that better fits your needs for the years ahead.