Neighborhood Recommendations in Richmond, VA

[Peter Jaglom]

I'm considering a couple of properties in the Oak Grove, and Highland Terrace/Providence Park neighborhoods in Richmond, some for rentals, one or two for flips. I live up in DC so I don't know the areas too well. Does anyone know what these neighborhoods are like? How are they trending? Are there any areas in transition in Richmond and/or areas to avoid?

Thanks in advance for any advice!

Peter

[Bill Hancock]

Oak Grove/Blackwell area is up and coming, just have to buy right.  Trending upwards. 

Highland Terrace/Providence Park is currently a very popular flipping area of town.  FYI the Richmond Henrico Tpke is a market divider, west is higher values and east is lower values/prices.  Don't use comps for Highland Terrace from Brookland Park.  Further East you go in Highland Terrace/Providence Park, prices generally decline, some parts very fast.  Avoid Southern Highland park is hit and miss.  Avoid Gilpin.

Brookland Park is the more popular area, but it could be over supplied, just tons of flippers already there, the last couple years.