Lewisville ISD faces enrollment challenges |
In Lewisville ISD, home values are increasing while new construction is declining, leading to a drop in student enrollment. According to Jennah Ciers, a local real estate agent, "First-time [homebuyers] are priced out of these established neighborhoods," which affects the number of school-age children. The slowdown in new families moving into the district is partly due to homeowners choosing to age in place, as interest rates hover around 6%-7%. Bob Templeton, vice president of Zonda Demographics, noted that "Folks aren't going to sell and relocate" due to higher mortgage rates. The decline in home sales, which fell by 14% between 2023 and 2024, further exacerbates the issue. As enrollment decreases, LISD faces reduced state funding, prompting Superintendent Lori Rapp to state, “While this shift does impact our funding, we are proactively adjusting our budget.”