Neighborhood Grade Maps
Good morning,
I'm trying to increase my familiarity with the STL market, as I am an out-of-state investor. Does anyone have a neighborhood grade map for the city or know where to find this resource?
Thank you in advance!
#1 Rehabbing & House Flipping Contributor
- Lender
- Denver
Do you have a RE Agent that you work with yet? They will be able to best help you identify neighborhood class. There are also sites like SpotCrime and other free site to check criminal activity. But Agents will be your best solution.
Hey Miranda, any map you find is likely going to be dated especially in an area like STL.
It's similar to Detroit, Baltimore, etc. where things can change a lot and in the span of a year or two.
I'm super active in Detroit and it seems there's a new up-and-coming area every year that we deemed univestable 1-2+ years ago. So "maps" need to be dynamic. The only real way to do that is with local knowledge.
All that said, if you find something I'd use it as a baseline but don't depend on it being accurate. Use it as a starting point and dig further into the spots you think you may like.
#2 Managing Your Property Contributor
@Miranda Yanez we're developing one for the Metro Detroit market because none exists.
I can't speak for STL specifically, but I generally agree with @Travis B. Any map is probably unreliable within 1-2 years of its creation, if it was reliable in the first place.
Local knowledge is the best way to understand a market. Get out and look at a LOT of houses all over the city. You'll get a feel for what neighborhoods you want to be investing in pretty quickly.
#4 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
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#4 Multi-Family and Apartment Investing Contributor
- Cincinnati, OH
@Miranda Yanez: there are two issues here: first, the one mentioned - any data points available could be outdated. While, generally, areas don't change dramatically too quickly, there could certainly be issues here.
b) what is an A area vs B area vs C/D/F... This is all subjective and very much effected by exposure bias. And areas like St Louis (I am in Cincinnati, which is overall very similar), depending on the areas you are looking, can be very street by street versus neighborhood by neighborhood, especially if you are in the older areas.
