Do tenants care about the school district?

[Joel Burt]

All,

  I'm working on my first home/rental purchase in NJ and I need some help. My plan is to buy a suitable single family rental property, live in it for 1-2 years and then move out and rent it. I currently am married without kids. I've identified a good opportunity, but am hesitant on account of the school district. The school district is Woodlynne NJ, on the lower end (5/10) on Zillows. Rents in the surrounding area are $800-1400 for 1 bedroom apartments, and $1000-1400 for a small old townhouse. I'd be renting the 1450 sqft single-family home for $1200. My question to all of you is: Does it matter? Do lower-income tenants care about the school district? 

Thanks!