How can i better analyze areas

[Juan Mendoza]

Hello, everyone! I'm trying to learn everything I can about the exciting world of real estate. I've been watching videos to educate myself better, and someone in a video briefly mentioned that neighboorhood's get a rating. Basically, he explained there are A+, A, A-, B+,B, etcetera. My question is I live in the suburb of Romeoville IL in will county I want to know my market. Is there a website that I can go and search? Does such rating even exist? If so what is the name of this index? and where can I find it? sorry if it's a dumb question. Thank you for reading my post. 

[Glenn D.]

@Juan Mendoza

Great place to ask a good question like this.  1st - there are tons of different systems on grading a region.  Zillow even has a rating system.  So you can either utilize someone else's rating system.  If you do, you have to see what criteria they are using to rate the area and see if that makes sense.  A great tool is to contact a local realtor and tell them you are looking at doing some real estate investing and need to figure out which neighborhoods are good and why.  Most will be happy to give you their knowledge in hopes of working with you.  

You can also look up any local real estate investor groups in your area and do the same thing there.

Here is what I pulled up on Zillow very quickly when I searched for Romeoville, Illinois and just chose a random home.  

Zillow predicts 60446 home values will increase 3.6% next year, compared to a 3.4% increase for Romeoville as a whole. Among 60446 homes, this home is 28.3% less expensive than the midpoint (median) home, and is priced 7.4% less per square foot.

• Walk Score ® 13 (Car-Dependent)

May your hard work connect with great opportunities.

Glenn