Ranking Neighborhoods For Buy/Hold Potential
Hi all-
How do you tell if you are looking in an A-B-C-D class neighborhood when it comes to searching for properties to buy and hold? I understand that it will depend on which part of the country you are in, etc, and that a $300K place in Los Angeles might be a C for that area but a $300K place in Huntsville, AL might be an A+.
I'm looking to buy properties in the area of Knoxville, TN (pop. ~183,000) and was wondering if anyone had any incite on how I could best rank the neighborhoods based on a couple of key factors. Is it best to just simply go by median household income, crime rate and K-12 school rankings?
Thanks
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