Hello BP! Newbie Investor here trying to do all of my research before my first deal. I keep hearing about neighborhood ratings on the podcasts and posts: A, B, C, & D. I've used Trulia.com to look up Crime Info for a neighborhood, but have not seen where to truly find this neighborhood rating.
Is there a go to website for this neighborhood rating or is it just kind of subjectively created?
This article should give you a better understanding on how to roughly grade neighborhoods. https://www.biggerpockets.com/renewsblog/2015/12/09/class-a-b-c-d-real-estate/. There is no hard and fast rule and the grading is somewhat subjective, but most people agree with the general definition of why a property may fall into a certain category.
Subjective and everyone has their own definition. For me:
A = Best places downtown and best suburban neighborhoods with the best schools.
B = Still places people want to live. Good schools, nice houses, just not quite as nice or expensive as A properties.
C = More working class areas. More renters in these neighborhoods. Likely not the best schools.
D = Lots of boarded up houses, drugs, crime. When walking down the street you stick out like a sore thumb and the first person that sees you walks up to you trying to hustle you for money, borrow your phone, etc.