As a Seattle-area homebuyer, finding the right neighborhood can be just as important as finding the right property. A neighborhood’s potential for growth or decline can have a significant impact on the long-term value and livability of a home. In this article, we’ll discuss how to tell if a neighborhood is on the rise or in decline, and what signs you should look for when researching different areas.

Researching Neighborhoods

Online tools and resources can help you learn more about a neighborhood’s demographics, crime rates, school district, walkability, public transportation options, and other factors that may influence their decision.

 

Signs of Promise

There are several signs that a neighborhood may have a bright future. These include new businesses and development projects, upcoming infrastructure improvements, increasing property values and demand, low crime rates and high safety ratings, good school district and educational opportunities, and high walkability and public transportation options.

For example, neighborhoods like Seattle’s Capitol Hill and San Francisco’s Mission District have experienced significant growth and development over the past decade, with new restaurants, shops, and businesses opening up and property values soaring.

 

It Has Potential

While many people shy away from run-down neighborhoods, they may actually present a good opportunity if you’re looking for a more affordable option. Some run-down neighborhoods may be on the upswing and present signs of a bright future. These include the presence of artists and young professionals who are attracted to the area’s affordability and potential, plans for new businesses and development projects, increasing property values and demand in neighboring areas, and upcoming infrastructure improvements in the surrounding area.

For example, the South Bronx in New York City was once considered one of the most dangerous neighborhoods in the city, but in recent years has experienced a resurgence in popularity and demand after being previously run-down. The area now boasts new businesses, residential developments, and infrastructure improvements.

 

The Red Flags

On the other hand, some neighborhoods may present red flags that suggest they may not be a good long-term investment. These include high crime rates and low safety ratings, declining property values and demand, abandoned or run-down properties, lack of public transportation options and walkability, and poor school district and educational opportunities.

For example, neighborhoods like Detroit’s Eastside and Chicago’s Englewood have struggled with decline and crime over time, with property values plummeting and a lack of infrastructure improvements.

Consult with Real Estate Agents and The Locals

Don’t forget to consult with real estate agents and locals to get their valuable insights and information on finding the right neighborhood. You can ask your real estate agent for a comprehensive neighborhood report that covers everything from demographics to the types of businesses in the area. You can also talk to locals and ask them about their experiences living in the neighborhood, and if they’ve noticed any positive or negative changes over time.

If you’re shopping for a home in Everett, there’s good news! Everett has some fantastic neighborhoods, and Isatou is ready to help you find the neighborhood of your dreams!

 

The Up-and-Coming:

Lowell is located in Southeast Everett and has been experiencing a revitalization in recent years. The area has seen an increase in new businesses and development projects, including the opening of the Lowell Farmers Market and the renovation of the historic Monte Cristo Hotel. The neighborhood also boasts several parks and trails, including the Lowell Riverfront Trail, something to keep in mind if you’re looking for easy access to the outdoors.

Riverside is located along the Snohomish River, and is another area on the rise. The neighborhood has seen an increase in new housing developments, including townhomes and apartments, as well as several new businesses and restaurants. Riverside Park, located in the heart of the neighborhood, is a popular spot for outdoor recreation and community events.

 

The Big Transformers:

Casino Road has had a reputation for high crime rates and gang activity in the past. However, the neighborhood has seen a significant improvement in safety and security due to the efforts of local law enforcement and community organizations. The area now boasts several new affordable housing developments and community spaces, including the Casino Road Community Center.

The Delta Neighborhood, located just south of downtown Everett, has been undergoing a transformation in recent years. The area has seen an increase in new businesses and development projects, including the renovation of the Everett Public Market and the construction of new mixed-use buildings. The neighborhood is also home to several parks and community spaces, including the Delta Neighborhood Park.

 

The Classically Stable:

Silver Lake is a well-established neighborhood located in the southern part of Everett. The area boasts several parks and recreational spaces, including Silver Lake Park and Thornton A. Sullivan Park. The neighborhood is also home to several top-rated schools, including Silver Lake Elementary School and Eisenhower Middle School.

Harborview-Seahurst-Glenhaven has been a popular residential area for many years. The neighborhood boasts several parks and recreational spaces, including Harborview Park and Glenhaven Park, as well as several highly-rated schools, including Mukilteo Elementary School and Kamiak High School.

 

Overall, Everett has a variety of neighborhoods that offer different opportunities and amenities to residents. Make sure to research each neighborhood thoroughly and consult a real estate agent and locals to get a better understanding of the area’s potential and its reputation over time. It’s always a good idea to take a walk or ride through the neighborhood and talk to the residents—you might just meet your future neighbors!

No matter where you’re looking at buying a house, finding the right neighborhood is a crucial part of the process. By researching neighborhoods thoroughly and paying attention to signs of growth or decline, you can make a more informed decision that will impact the long-term value and livability of your property. Whether a neighborhood is on the rise or in decline, it’s important to consider all the factors that may impact its potential for growth or decline.