Did the Fort Bend ISD School Closures Hurt Home Values? - Lenore Smith

Did the Fort Bend ISD School Closures Hurt Home Values?

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When the Fort Bend ISD board voted 4-3 to close seven elementary schools on March 9, I expected to see the damage show up in home prices. So did a lot of homeowners. In the district’s own survey, 49% of respondents who would be affected opposed the closures, and shifts in property value were one of the most common concerns in the written responses.

The schools were Austin Parkway, Dulles, Arizona Fleming, Edgar Glover Jr., Mission West, Ridgegate and Sugar Mill. If you own a home that was zoned to one of them, you have probably wondered what that vote did to your equity.

I spent an evening in the MLS finding out. The short answer surprised me: so far, nothing you can measure.

How I ran the numbers

I pulled every single-family sale in Fort Bend ISD from the HAR MLS for two identical windows:

  • March 10 to October 7, 2025 (3,045 sales)
  • March 10 to October 7, 2026 (2,717 sales)

The 2026 window starts the day after the vote. Comparing the same months a year apart takes the normal seasonal swing out of the picture.

Then I split the sales into two groups. The first is every home in the attendance zones of the seven closed schools, mapped street by street across 49 subdivisions, including Sugar Creek, Covington Woods, Quail Run, Mayfair Park, Ridgegate and Mission West. The second is the rest of Fort Bend ISD.

If the closures hurt values, the closed-school zones should have lost ground against the rest of the district.

What the numbers show about the FBISD school closures

March 10 to October 7 Closed-school zones Rest of Fort Bend ISD
Sales, 2025 290 2,741
Sales, 2026 249 2,428
Median price, 2025 $319,850 $386,600
Median price, 2026 $322,000 $385,995
Median price per sq ft, 2025 $156.94 $166.23
Median price per sq ft, 2026 $153.95 $163.59
Change in price per sq ft -1.9% -1.6%
Source: HAR MLS, Fort Bend ISD single-family sales. Analysis by Lenore Smith Realty Group.

Price per square foot fell 1.9% in the closed-school zones and 1.6% across the rest of the district. That 0.3-point gap is smaller than the normal noise in a sample this size. Statistically, any real effect of the closures is somewhere between about 4% down and 4% up, and the data can’t tell it apart from zero.

The softening in both columns is the broader market, not the FBISD school closures. Greater Houston sales have been slower this year. HAR reported August single-family sales down 11.5% from a year earlier.

I also ran the comparison on resale homes built before 2000 only, so the older closed-school neighborhoods weren’t being compared against newer construction elsewhere in the district. The result held.

Did homes near the closed schools get harder to sell?

No. Sales in the closed-school zones fell 14%, compared with 11% in the rest of the district. That difference isn’t large enough to mean anything.

The two numbers that show whether buyers are walking away didn’t move either:

  • Sale-to-list price: 98% both years.
  • Median days on market: 24 days both years.

Buyers are paying the same share of asking price and taking the same time to commit.

Why a quick MLS search will mislead you

This part is worth knowing if you check your neighborhood on HAR or Zillow.

My first pass searched for sales by elementary school name. It showed sales near the closed schools down 26%, which looked like a story. It wasn’t real.

After the vote, agents started listing homes under the new receiving school. About one in four 2026 sales in the closed-school zones no longer names the old school at all. A search by school name simply misses them. That’s why I rebuilt the analysis by street and subdivision instead.

If you see a scary number about your school zone, check how it was pulled.

What this does and doesn’t tell you

  • It’s early. Seven months of sales is enough to rule out a sharp drop. It’s not enough to say what happens over five years.
  • It’s not a forecast. Prices across Fort Bend County will keep moving with rates and inventory.
  • Your home is not a median. A specific house on a specific street can sell above or below these numbers for reasons that have nothing to do with the vote.
  • I’m not reporting results school by school. Some single zones look dramatic on paper, but with 15 to 60 sales each, the swings are within normal noise. Publishing them would be misleading.

If you own a home in one of these zones

Three practical points:

  1. Price your home from current comps on your street, not from a headline. The closure vote isn’t showing up in what buyers pay.
  2. Check how your listing describes the school assignment. Buyers search by school. A listing should show the correct current assignment so it reaches the right searches.
  3. Watch the next boundary decision. Fort Bend ISD said it would bring middle and high school boundaries to the board this fall, after the elementary changes. I plan to rerun these numbers once there is enough data to see what that vote does.
Randall Smith and Lenore Smith of Lenore Smith Realty Group with their two dogs in front of a sold sign
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