Property Values Could Drop Under New School Boundaries

7 years 1 month 2 weeks ago Thursday, October 27 2011 Oct 27, 2011 Thursday, October 27, 2011 6:06:00 PM CDT October 27, 2011 in News
By: Danny Spewak
loading

COLUMBIA - Homes in neighborhoods affected by public high school redistricting could experience drops in property values, but a member of the Columbia Board of Realtors said she does not foresee any dramatic change in prices.

After the Secondary Enrollment Planning Committee for Columbia Public Schools whittled more than 100 proposals for redistricting down to just three plans Thursday morning, president-elect Kim Coleman said current proposals to switch boundaries for Rock Bridge, Hickman and the new Battle High School could play a role in the housing market.

"Some people will ask for certain school districts, whether they look at test scores or other criteria. I can see how one home in one district may be a little easier to sell, or sell quicker, than in another district," Coleman said. "There is going to be some value. But not to a huge extent."

CPS community relations coordinator Michelle Baumstark said the subject of possible changes in some property values never arose during any discussion of boundaries. She said the district would rather focus on "doing what's best for kids" instead of on the housing market.

However, she did say she thought property around Battle High School could spike, citing the new homes and businesses that could develop around the area.

"We saw the same thing 40 years ago when Rock Bridge High School opened up," Baumstark said. "Now you look at the south side of Columbia and it looks totally different.

Coleman did not rule that possibility out. Still, she said Battle's effect on property and development is hard to predict at this point.

"We have the new unknown entity at this point with the new high school coming in. I don't really think we know what that value is going to be," Coleman said.

Seth Meyer, who is selling a home in a neighborhood near Broadway and Stadium, said buyers have not voiced concerns to him about a possible switch from the Rock Bridge to Hickman jurisdiction. Describing his neighborhood as "excellent for families," Meyer said most buyers rarely mention the school aspect.

"I don't think they should have any concerns," Meyer said. "I haven't really heard anybody too upset about the convergence, simply because I think both high schools in this city are great."

Coleman said she does not anticipate huge changes in property value because of the stable market in Columbia. Normally, she said property values rise from year-to-year in the city.

More News

Grid
List
WASHINGTON (AP) — President Donald Trump says Interior Secretary Ryan Zinke , who's facing federal investigations into his travel, political... More >>
1 hour ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 8:53:00 AM CST December 15, 2018 in News
ASHLAND - The Southern Boone Area YMCA will build a new 15,714 square-foot facility in the next two years, if... More >>
2 hours ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 7:48:00 AM CST December 15, 2018 in News
ALTON, Ill. (AP) — Authorities are looking for a man who is suspected of fleeing to Missouri after officers shot... More >>
2 hours ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 7:12:00 AM CST December 15, 2018 in News
PERRYVILLE, Mo. (AP) — A former county official from southeast Missouri already in prison on a conviction of exploiting the... More >>
2 hours ago Saturday, December 15 2018 Dec 15, 2018 Saturday, December 15, 2018 7:09:52 AM CST December 15, 2018 in News
NEW BLOOMFIELD - The Holts Summit Police Department has offered to include New Bloomfield in its coverage area for the... More >>
12 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 9:47:00 PM CST December 14, 2018 in News
(CNN) -- A federal judge in Texas said on Friday that the Affordable Care Act's individual coverage mandate is unconstitutional... More >>
13 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 8:12:00 PM CST December 14, 2018 in News
WASHINGTON - A new report released Friday ranks Missouri 48th in the nation for tobacco use prevention programs. ... More >>
13 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 8:08:00 PM CST December 14, 2018 in News
COLUMBIA - The South End Zone Project at Faurot Field is just over halfway through its construction timeline and people... More >>
18 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 3:46:00 PM CST December 14, 2018 in News
FULTON - Connie Cashion is the 2018 winner for the city's Jane Bierdeman-Fike Humanitarian Award. The award goes to... More >>
18 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 3:16:00 PM CST December 14, 2018 in News
FULTON - A Fulton nonprofit surpassed their volunteer goal and is able to give over 400 children a Christmas miracle.... More >>
19 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 2:52:00 PM CST December 14, 2018 in News
JEFFERSON CITY - State Auditor Nicole Galloway will join the investigation into Josh Hawley's use of funds during his Senate... More >>
19 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 2:44:00 PM CST December 14, 2018 in News
COLUMBIA - Students walking around MU's famous Quad may have seen an unexpected visitor Thursday. MU student Massimo Montalbano... More >>
20 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:50:00 PM CST December 14, 2018 in News
COLUMBIA - The scooter company Lime announced it has taken its scooters out of Columbia for the immediate future. ... More >>
20 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:49:00 PM CST December 14, 2018 in News
(CNN) -- Nearly 40,000 people in the United States died by guns last year, marking the highest number of gun... More >>
20 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 1:22:00 PM CST December 14, 2018 in News
COLUMBIA - The number of homeless people living in Boone County has increased in the past 10 years, according to... More >>
21 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 12:52:00 PM CST December 14, 2018 in News
(CNN) -- Johnson & Johnson's ( JNJ ) stock fell as much as 11% on Friday — on track for... More >>
22 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 11:46:00 AM CST December 14, 2018 in News
NEWTOWN, Conn. (AP) — A bomb threat forced the evacuation of the Sandy Hook Elementary School on Friday, a day... More >>
22 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 11:39:38 AM CST December 14, 2018 in News
(CNN) -- Facebook announced on Friday that the social network had exposed the private photos of millions of users without... More >>
23 hours ago Friday, December 14 2018 Dec 14, 2018 Friday, December 14, 2018 10:15:10 AM CST December 14, 2018 in News
Columbia, MO
Broken Clouds 35°
10am 39°
11am 44°
12pm 47°
1pm 50°