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Updated over 3 years ago on . Most recent reply

User Stats

60
Posts
26
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Stephanie Ro
  • New to Real Estate
  • Lockdown Capital of the World Melbourne, Australia
26
Votes |
60
Posts

Roofstock Neighborhood Ratings vs Neighborhood Scout Crime Rates

Stephanie Ro
  • New to Real Estate
  • Lockdown Capital of the World Melbourne, Australia
Posted

While browsing Roofstack, https://www.roofstock.com/investment-property-marketplace I got my hopes up for a multi family (2-4 unit). I wanted a neighborhood rating of 4.5-5 stars. I knew to be objective on this, but... 

I looked at crime rates using https://www.neighborhoodscout and was shocked to find that some of these 4 and 4.5 star properties found on Roofstack were in the red, dark orange, dark yellow (not so good) areas according to the scout website. I felt led on to believe that the properties were in better neighborhoods than they were. I know my price point is on the low end, but you'd think the neighborhood rating would adjust accordingly. I know both sites probably pull different data, but this was far off.

Does anyone have a more accurate website of finding multifamily units other than Roofstock, Redfin and Zillow? Is Realtor much better? Is my crime map website off? Thanks! 
(Just a backstory - I am overseas at the moment and will return sometime and am doing homework now) I do not want to return to Las Vegas nor Denver where I am from. I think it's going to be tough b/c I do not know the lay of the land, but there is community and network on which I am relying! 

Most Popular Reply

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1,235
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1,089
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Joe Norman
  • Property Manager
  • Baltimore, MD
1,089
Votes |
1,235
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Joe Norman
  • Property Manager
  • Baltimore, MD
Replied

Frankly I wouldn't put much stock in online neighborhood ratings at all, everyone has a different idea of what is a "good" or "safe" neighborhood/school. I would look at objective measures like the value of the real estate in the neighborhood (both sales price, DOM, and rent rates) compared to the surrounding areas - that will tell you how the general population views the area.

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