Neighborhood letter rating?

[Pat S.]

I see here or hear on the podcast that a property is described as "in a C or C+ neighborhood" or something to that effect.

What does that mean exactly? Is there a specific criteria? On a scale of what?

Or is it just a gut feel/opinion of what the neighborhood is like were A is movie-like perfect, C is your average working class neighborhood, and F is war zone?

Thanks,

Pat

[Nathan Emmert]

A is your typical nice white collar area... great schools, very safe.

B is more typical higher end blue collar areas... okay schools and safe.

C tends to be more service employees and racially diverse... okay to below okay schools, some crime.

D tends to be more the war zones.  I've never heard of below a D class property personally.  The big question is often the difference between C and D (how much crime is acceptable)... and between B and C (how good of schools are acceptable).