School redistricting changes home value

A coworker was discussing how the value of their home would likely go down because of the projected redistricting of schools. The new schools their home was districted to were deemed of less value because of the demographics of students and families going there. They did not have any students in school and were not concerned about the reasons the redistricting was happening (to increase equity of the community) but were only concerned about potential slight loss in home value that might result.