Deanwood neighborhood in Washington DC

[Account Closed]

Hi BiggerPockets,

I am hoping I can get some of the Washington DC based members to help me out with their thoughts on the Deanwood neighborhood of DC. I am looking around the Benning Road metro station. I see that houses are priced cheap (comparatively....not too many other places in the country would $200k be classified as cheap) but I also realize that cheap does not always mean a wise investment. What do people think are the prospects with this neighborhood and area? I see that there is a $6 million dollar project in the pipeline around the metro for the SOME building. That will add some much needed infrastructure to the area but I wonder if the clientele of that building will actually do more harm than good. Anything else people know of going on in that area? Or are investors shunning that neighborhood and don't see development there for many years.

Please let me know your thoughts and insights into this part of town. Thanks in advance.

-Eric

[Roland Harris]

I am closing on a property that is just about equidistant between Minnesota Ave metro and Benning Road metro.  For over a year, I was desperate to get into Anacostia but got outbid in that neighborhood 6 times.  Without cash, I found I could not compete in Anacostia.

The neighborhoods across the river in NE such as Deanwood are exciting.  I hope the prices in other parts of the city continue to push people east.  DC is so small there is no where else to go to find affordable housing.