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Updated over 1 year ago,
Hot Neighborhoods for Investment in Kansas City
If you're considering investing in real estate, it's important to know about the neighborhoods and areas you are looking to invest in. Like which neighborhoods are seeing the strongest growth and offer the best potential for profitability. The Kansas City area is one of many Midwest markets still seeing robust competition for houses because they're relatively affordable. In this post, we'll highlight some of the hottest neighborhoods in Kansas City for real estate investment.
- Brookside: Located south of the Country Club Plaza, Brookside is a popular neighborhood with a mix of historic homes, trendy restaurants, and boutique shops. Built in the 1920s and only a 15-minute drive from downtown Kansas City, the area has a nice small town feel. The area is particularly attractive to families and young professionals, making it a great market for rental properties.
- Waldo: Another south Kansas City neighborhood, Waldo offers affordable housing options and a close-knit community feel. Located on the edge of the city, Waldo is a lively neighborhood with locally-owned shops, businesses, trendy restaurants, a great nightlife, and several community-run events. This entertainment district also has a great deal of Kansas City history and is a prime place to find affordable real estate. The neighborhood is perfect for first-time homebuyers and those looking to downsize. The area has been seeing a surge in demand in recent years, particularly among millennials and young families.
- Downtown: The downtown region of most cities is often a bustling area, and Kansas City is no exception. Downtown has been undergoing a revitalization in recent years, with new developments and several businesses moving in. The area offers a mix of commercial and residential properties, making it a diverse market for investors. Whether you prefer properties in need of renovation or turnkey, you’ll find a vast array of houses that meet your requirements here.
- Crossroads: Just south of downtown, the Crossroads Arts District is a trendy neighborhood with a vibrant arts scene and a mix of old and new buildings. The area has been seeing strong demand for residential properties in recent years, particularly among young professionals. There are several creative businesses and fine shopping and dining options available. Crossroads neighborhood is located right at the intersection of the city’s most travelled areas.
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Prairie Village: One of the older upscale suburban communities in the Kansas City area just minutes from downtown. It offers good schools and a low crime rate. With a small hometown vibe and big city amenities, top-rated public resources, and a robust local economy, the city has a lot to offer. Prairie Village was also Zillow's most searched city and highest in popularity for a towns in 2022, showing the potential it offers.
While these neighborhoods are all experiencing strong growth and demand, it's important to conduct thorough due diligence and analysis before making any investment decisions. Factors such as pricing, rental rates, and vacancy rates should all be considered before making a purchase. In my next post, we'll cover the different types of properties available in Kansas City and other markets.
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