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Updated about 3 years ago on . Most recent reply

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Maste Gezahegn
  • California
3
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Sterling White's Interactive Map

Maste Gezahegn
  • California
Posted

Hi All,

I recently read Sterling White's great article on BP about the different areas of Indy. Can other investors give me their opinions/knowledge on the article. Particularly the accuracy of the map and the different ratings of the neighborhoods.                                                                        

Regards,



https://www.biggerpockets.com/blog/guide-grading-indianapolis-neighborhoods

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Yeah, it's pretty accurate from a crime rate and quality of properties perspective.  Also is reasonably accurate for where values have gone up significantly over the past decade... But I don't think it's helpful in figuring out where values are good.  It's mostly a risk / lack of hassle map.

If you're going to be investing in one of the yellow areas or in general inside the circle you probably want to go walk/drive the neighborhood as things can change DRASTICALLY in a block or 2.

My neighborhood is 2 blocks from a neighborhood with houses 1/4 the value.

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Yeah, it's pretty accurate from a crime rate and quality of properties perspective.  Also is reasonably accurate for where values have gone up significantly over the past decade... But I don't think it's helpful in figuring out where values are good.  It's mostly a risk / lack of hassle map.

If you're going to be investing in one of the yellow areas or in general inside the circle you probably want to go walk/drive the neighborhood as things can change DRASTICALLY in a block or 2.

My neighborhood is 2 blocks from a neighborhood with houses 1/4 the value.

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Maste Gezahegn
  • California
3
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Maste Gezahegn
  • California
Replied
Originally posted by @Greg McNamer:

Yeah, it's pretty accurate from a crime rate and quality of properties perspective.  Also is reasonably accurate for where values have gone up significantly over the past decade... But I don't think it's helpful in figuring out where values are good.  It's mostly a risk / lack of hassle map.

If you're going to be investing in one of the yellow areas or in general inside the circle you probably want to go walk/drive the neighborhood as things can change DRASTICALLY in a block or 2.

My neighborhood is 2 blocks from a neighborhood with houses 1/4 the value.

Wow, thats a drastic change for just 2 blocks. So its best to use this map as a general guide and then within that area to walk and drive through. Great thanks.   

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Crime is on the upswing in Indy unfortunately.  But, I think this can be said for most cities.  There have been shootings and break-ins all across the map.  

This map makes broad generalizations, especially in the townships.  The center of the map is more accurrate.  But, in any given township, you can find neighborhoods that are A, B, C or D.  

Indy is not a town to buy property site unseen.

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Ryan Corbeil
  • Denver, CO
11
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19
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Ryan Corbeil
  • Denver, CO
Replied

Hey Maste, I’m late to the party here, but checkout the Indy Investor podcast because they have a new neighborhood series out that goes in depth into the nuances of a few of the neighborhoods. Good luck!

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@Ryan Corbeil which episode do you recommend?

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Ryan Corbeil
  • Denver, CO
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Ryan Corbeil
  • Denver, CO
Replied

@Conor Carter, they start at episode 104, https://indyinvestor.libsyn.co...

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Timur Abdullin
  • Lender
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Replied
Quote from @Greg McNamer:

Yeah, it's pretty accurate from a crime rate and quality of properties perspective.  Also is reasonably accurate for where values have gone up significantly over the past decade... But I don't think it's helpful in figuring out where values are good.  It's mostly a risk / lack of hassle map.

If you're going to be investing in one of the yellow areas or in general inside the circle you probably want to go walk/drive the neighborhood as things can change DRASTICALLY in a block or 2.

My neighborhood is 2 blocks from a neighborhood with houses 1/4 the value.

 Hi Greg. Do you live locally in Indy? If so, let's connect to collaborate. I'm looking for enter this market as an investor. --TA

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Timur Abdullin
  • Lender
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Quote from @Angela Smith:

Crime is on the upswing in Indy unfortunately.  But, I think this can be said for most cities.  There have been shootings and break-ins all across the map.  

This map makes broad generalizations, especially in the townships.  The center of the map is more accurrate.  But, in any given township, you can find neighborhoods that are A, B, C or D.  

Indy is not a town to buy property site unseen.

 Angela. Are you local to Indy? I'm looking to enter this market. Would you like to connect to collaborate? --TA.

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Timur Abdullin
  • Lender
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Quote from @Maste Gezahegn:

Hi All,

I recently read Sterling White's great article on BP about the different areas of Indy. Can other investors give me their opinions/knowledge on the article. Particularly the accuracy of the map and the different ratings of the neighborhoods.                                                                        

Regards,



https://www.biggerpockets.com/blog/guide-grading-indianapolis-neighborhoods


 This link doesn't work? Please update.