The study by eMoov found that King Edward VI Handsworth School in Birmingham is the best state school for GCSE grades against property prices, which average at just £107,305.
Other strong schools were in The Blue Coat School in Liverpool (£132,866), Devonport High School for Girls in Plymouth (£141,621), Lancaster Girls' Grammar School (£154,706), Lawrence Sheriff School in Rugby (£159,126), The Crossley Heath School in Halifax (£154,091), Upton Hall School FCJ in Wirral (£160,978) and Southend High School for Girls (£200,103).
Russell Quirk, founder and chief executive of eMov.co.uk, said: “Property and schooling go hand in hand. Our research shows securing a place at your desired school by moving to its catchment area, is a driving factor for many.
“It is one of the major life stages where property is concerned, first we get a foot on the ladder, then we climb a rung or two to start a family, then we turn our attention to educating our children.
“Unfortunately we aren’t all in the desirable position whereby we can wave our children off to a prestigious private school. This latest eMoov study identifies the top performing schools in the country where property in the surrounding area is relatively affordable.”