Although they rarely mention SCHOOLS in the "reality" real estate shows, the REALITY is that they are really important.
In our area, a new townhouse project started about 5 years ago was going to feed elementary and middle school children to a highly ranked county school compound because another, larger rental housing complex was going to be built that would feed into a NEWER elementary school in a more sparcely populated area of the county.
When the second project did not materialize, the NEW residents to the first complex found that children had to go to the newer school....after they rented or bought because they thought their schools would be different.
This does not seem bad on the surface; however, it meant MORE bus traffic into the property for the different schools and neighboring children often went to different schools so their socialization was diminished.
Homebuyers and investors need to put this item on their Buying Check-List so that they are not caught in a situation they had not intended.