New Hillsborough school boundaries could affect property values

Posted at 4:45 AM, May 17, 2017
and last updated 2017-05-17 07:01:15-04

If you own a home in New Tampa - your property value may go up or down now that Hillsborough County passed the new school zone boundaries.

Realtor Raquel Zapata says Schools matter when it comes to buying a home. "It's how you raise your child. I'm personally a mother of three and that affects me where my child is going to go to school," she said.  

The New Tampa area is exploding with restaurants, shops, and new businesses - it's also bringing in more families which is one reason the school district voted to move forward with new school zone boundaries to accommodate more kids.   

RELATED | Proposed school boundary changes pass with 6-1 vote

If you live in Heritage Isles, nothing changes but just across the street in Cory Lake Isles your child will get on a bus in 2018  to Hunters Green Elementary, a school that received a grade C, instead of Pride Elementary, a grade A school. Zapata says that could drive down property values.  

"Probably a good 15% I would say. And that really depends on the individual," she said.

Zapata says that clients have called her and requested a house on a specific street because of the school zone even if it costs $10-15,000 more.

"It takes what a village to raise a child so that's really what it boils down to, that community feel," said Zapata. "I don't think new Tampa is going to lose that." For more info on the boundaries click here