My child entered a new school in a non-expansion year and was the only new child in the grade (mid-elementary school). It was somewhat tough to break in socially, because there were none of the more structured events that occur for a cohort of new kids that arrive at the usual entry points, and no other new kids to gravitate to that were in the same boat. In the end it all worked out fine, but who knows, in retrospect we might better off have waited (our child was a sibling and frankly we did in because a spot opened up and logistically seemed simpler to have both kids in same school, but as a sibling could have waited and almost certainly gotten in the next year, so we weren't doing it for "insurance" reasons).