Buying SFH in "Over Saturated" Apartment Area? Pros & Cons

[Todd Kalsey]

Throwing this question out for my fellow BPers to get some feedback.  I'm a "newbie" but wanted to get some insight and perspectives from other areas of the country.

Here in Cincinnati we have a neighborhood in the metro area with explosive apartment/condo growth. It is the prime and hot area for young professionals. Within the past 1-2 years huge apartment complexes have been built and currently more on the agenda. I'm curious on how this might impact rents for SFH in the area? I'm guessing the demand is there but personally it seems that the area might become quite "saturated" with units and dense (traffic) if things keep going this way.

We've always had solid demand for our SFH, as we find people who don't want someone on the other side of the wall.

Any thoughts from other areas where you've seen this?

Thanks!

[Warren Sterling]

I live and invest in Greenville, SC. We have so much new construction going on at the moment. Our downtown area is adding so many rentals and condos.

Still SFR's rent and sell well. The great part of my city is that we have more people coming in to fill the units on the market.

As for your area and question, I would guess it just depends on the value. Can you provide more of what is being asked for than the apartments can?