There’s a joke I’ve heard various neighbors make somewhat self-consciously since we moved into our house five years ago that our “neighborhood schools” are all located in other neighborhoods. And while I haven’t actually done any sort of scientific survey, that does kind of seem to be the case. What I mean is that I don’t personally know one single person who has moved into our neighborhood in order to do the whole live-in-the-cool-urban-neighborhood-in-a-cool-old-house thing who sends his or herchildren to the public schools for which we are actually zoned. Instead, their kids attend various private schools in our community, or the parents have managed to get transfers so their kinds can attend public schools in “nicer” parts of town. I do know several people who have children who were accepted in to the public elementary magnet school that’s not too far away from our neighborhood, but even then, that’s not the same as attending OUR neighborhood’s public schools.
From: Public Schools In Gentrifying 'Hoods: Who Wants To Go First?
Yeah, I guess it's awesome to live in a "diverse" urban neighborhood with lots of local culture ... until your kids get to be school-aged.