We moved to Reno for DD11 to attend Davidson and haven't regretted it one bit. We are renting however because we weren't going to buy without knowing if it would fit. It was a bit nerve racking, but to us it was worth it.
It also puts us in a good position for DD6, if/when she needs to academy.
Reno was not on our list of places to live either, but we knew we would need to move from where we were before even if she did not get into the academy because there were no alternatives where we were. One thing about the move here that has been great is there is a community for the entire family that gets your kid and accepts you with open arms because they've all been through what you've been through or something similar trying to find a good fit your your kid.