251 homes near Moreno Valley High School are for sale for an average price of about $261,000 (these are not all of the homes for sale in the attendance zone).
The map below (click on the blue dots for details) shows the 81 bank owned foreclosure listings near Moreno Valley High School that are available for about $220,700 each (about 15% cheaper than the rest of the market).
Another interesting fact is that 54% of Moreno Valley households have children under 18. Mash these statistics together and … voila!
And did you know that almost 75% of a school’s funding comes from local property taxes and State sources. In other words three out of every four dollars that Moreno Valley High School has to spend are somehow tied to bank owned foreclosure listings.
So let’s review. 81 bank owned foreclosure listings affects 43 kids and costs a lot of money.