The Most Lucrative Neighborhoods For Real Estate Investing
Ever wondered which neighborhoods are experiencing the most growth and are the most lucrative in terms of real estate investing? Forbes has compiled a list of the top five neighborhoods that have grown above and beyond the rest. Whether the growth is due to a dramatic drop in crime or rezoning and infrastructure development, here are the top five and their percentage of growth since 1990 which make the rest of our hometowns look measly on the investment scale.
- Miami Beach (City Center) in Miami, Florida -- 1532% growth
- Ohio and Westgate Avenues in Los Angeles, California -- 3081% growth
- Rosslyn/Highlands in Washington, D.C. -- 566% growth
- Riverside Drive and 149th Streets in New York City, New York -- 4391% growth
- Grove and Webster Streets in San Francisco, California -- 522% growth
Reader Comments (Page 1 of 1)
Josie Jan 31st 2008 3:20PM
I am suprised to see the Hawaiian Islands were not in the top 5. We have seen tremendous growth, all over the islands, but especially in the "lifestyle of the rich and famous" gated community, Hawaii Loa Ridge, Honolulu, Oahu, Hawaii. It is all about luxury living here.
Hawaii is truely one of the most rarest places on earth. Real Estate will always be in demand due to the simple fact it is paradise. Also, islands have a limited amount of land mass and the "prime" properties usually remain in the same family for years to come, passing on to generations. Once sold, it could be 100 years before that same fine property is on the market again! With these 2 major factors, Hawaiian Island Real Estate is highly sought after and the "Blue Chip" real estate is a treasure held.