Seattle’s Central Disctrict in Forbes “Most Lucrative Neighborhood” list
February 1st, 2008Posted by Jim Reppond
Seattle’s Central Distict has made Forbes Magazine’s “Most Lucrative Neighborood list” this year. The area around 23rd and Union has seen a 445% growth in appreciation since 1990. Forbes put together appreciation data from NeighborhoodScout, the U.S. Census Bureau, Fannie Mae, and Freddie Mac to come up with their list.
The article mentions the area’s crime rate is still higher than average, but it’s proximity to downtown and the massive amount of “gentrification” that is happening has made it one of the best investment areas around. Other Seattle neighborhoods have done quite well but didn’t get mentioned in the article. This isn’t a “top ten” list with an order of best to worst, but rather a collection of neighborhoods that have all done quite well. Neighborhoods in New York, San Francisco, and Los Angeles were some of the sitites that had neighborhoods with even higher rates of appreciation that the Central District’s.
5 Comments Add your own
1. Bargain vs. A Steal | Rai&hellip | February 12th, 2008 at 4:07 am
[…] In a recent Forbes article, ???Best Cities for Bargain House-Hunters??ť, Seattle was listed as number 6 in the top-ten. At first I thought that was odd, since we have only seen a modest drop in housing prices compared to the rest of the country. And Seattle was just listed as having one of the ???Most lucrative Neighborhoods in America??ť Why would we rank so high for bargains? […]
2. Polygon Homes - Buy a New Home in Everett & Kent, Washington | February 22nd, 2008 at 5:39 pm
Love the Central District in Seattle - tons of stuff to do
3. buyer connecticut first h&hellip | April 7th, 2008 at 9:36 am
buyer connecticut first home time…
Well spoken. I have to research more on this as it is really vital info….
4. Jack&hellip | April 9th, 2008 at 5:10 am
Jack…
Geat post. I added you to my blog roll!…
5. Cathy&hellip | April 20th, 2008 at 12:27 am
Cathy…
I just came across your blog and wanted to drop you a note telling you how impressed I was with the information you have posted here. I also have websites & blogs so I know what I am talking about when I say your site is top-notch! Keep up the great w…
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