I Analyzed 9 Elite MA School Districts. The $700K 'Prestige Premium' Is a Scam.
Dover-Sherborn, Weston, and Wellesley charge massive home price premiums for schools that deliver statistically identical outcomes to towns costing half as much.
Massachusetts families are paying $700K-$1.4M in home price premiums for 'elite' school districts that deliver college matriculation rates within 4.5 percentage points and AP pass rates within 3 percentage points of moderate-income suburbs. Official DESE data proves the prestige premium is economically irrational.
🎯Bottom Line Up Front
Massachusetts families are paying $700,000 to $1.4 million in home price premiums to access "elite" school districts that deliver college matriculation rates within 4.5 percentage points and AP pass rates within 3 percentage points of moderate-income suburbs. The difference is statistically meaningless. You're not buying better schools—you're buying richer neighbors.
Key Finding
The Data Everyone Ignores
Here's what nobody tells you when you're touring homes in Weston or Dover-Sherborn: the Massachusetts Department of Elementary and Secondary Education publishes comprehensive outcome data for every district. Not just test scores—actual outcomes that matter. College enrollment. AP exam performance. Student growth year-over-year.
I spent weeks pulling official DESE data, college matriculation reports, and SAT/AP statistics for nine "top tier" Greater Boston districts. Four are prestige districts where median home prices exceed $1.15 million: Dover-Sherborn ($1.6M), Weston ($2.16M), Wellesley ($1.15M), and Lexington ($1.26M). Five are value districts where median prices range from $613K to $850K: Hopkinton, Sharon, Reading, Needham, and Acton-Boxborough.
Study Parameters
College Matriculation: The Value Districts Win
If schools exist to prepare students for college, college enrollment is the metric that matters. Among eight districts with available 2023-24 data, the range from highest to lowest is just 4.5 percentage points.
| District | College % | 4-Year % | Median Home | $/Pupil |
|---|---|---|---|---|
| Acton-Boxborough | 86.3% | 98% | $750K | $19,408 |
| Hopkinton | 84.8% | 98% | $700K | $16,571 |
| Needham | 84.8% | 96% | $850K | $22,321 |
| Lexington | 84.3% | 96% | $1.26M | $23,842 |
| Dover-Sherborn | 83.6% | 98% | $1.6M | $23,969 |
| Sharon | 82.8% | 93% | $613K | $16,626 |
| Reading | 82.1% | 96% | $650K | $18,019 |
| Wellesley | 81.8% | 97% | $1.15M | ~$25,000 |
The Winner
AP Exam Performance: A 2.8 Point Spread Nobody Can Justify
Advanced Placement exam pass rates (scoring 3 or higher) show the same compression. Excluding Reading's statistical outlier of 77.4%, eight districts cluster between 89.8% and 95.8%—a range of just 6.0 percentage points.
Three value districts exceed 93.9% pass rates: Acton-Boxborough (94.3%), Needham (94.3%), and Hopkinton (93.9%). Dover-Sherborn leads at 95.8%. The gap between Dover-Sherborn and Hopkinton is 1.9 percentage points.
The Cost Per Outcome Point
The Smoking Gun: Demographics, Not Teaching
If prestige district high scores reflected superior instruction, low-income students in those districts should dramatically outperform state low-income averages. They don't. They perform at state poverty averages, proving that high district scores result from educating already-advantaged students, not from teaching excellence.
Cambridge Public Schools (2023 MCAS, Grade 3 ELA)
Wealthy MA Districts Overall (2017-2019)
MIT-reviewed analysis by the UMass Donahue Institute found that 84% of MCAS score variation across districts is explained by demographics, not instruction. Researchers stated: "That is why Weston and Wayland have high MCAS scores and why Holyoke and Brockton have low MCAS scores."
Student Growth Percentiles: The Smoking Gun Quote
From MA DESE Official Documentation
Translation: Schools in moderate-income districts generate as much learning growth as wealthy districts. Hopkinton, Sharon, and Reading teach just as effectively as Dover-Sherborn and Weston. Higher absolute test scores in wealthy districts reflect parent tutoring, SAT prep courses, and socioeconomic advantages—not superior instruction.
The SAT Reality Check
2023-24 SAT data reveals that prestige doesn't correlate with outcomes:
- •Acton-Boxborough: 1343 (highest average, $750K homes)
- •Lexington: 1319 ($1.26M homes)
- •Dover-Sherborn: 1305 ($1.6M homes)
The Final Verdict
The data is unambiguous: Dover-Sherborn, Weston, Wellesley, and Lexington deliver no measurable educational advantage despite $700K-1.4M higher median home prices and 31.5% higher per-pupil spending.
The Rational Strategy
Purchase a larger home in Hopkinton ($700K), Acton-Boxborough ($750K), or Sharon ($613K). Pocket the $450K-1M savings vs Dover-Sherborn/Weston/Lexington. Invest in college tuition where money generates actual returns.
Bottom Line
Explore the Complete Analysis
Interactive data tables, visualizations, and district comparisons
View Full AnalysisNeed Custom Analysis?
Want deeper insights for a specific property or neighborhood? Get a custom research report tailored to your needs—from individual property analysis to comprehensive market overviews.
Request Custom Analysis