I'm Thinking They Missed One

Forbes.com has the list of The Worst Neighborhoods to Buy a Home based on thier appreciation (or lack thereof) over the last 2 years. Here is the top (or bottom) 10:

1. St. Louis, Mo.
ZIP Code: 63143
Neighborhood: Maplewood/Richmond Heights
2005 Median Sales Price: $133,100
Total Price Appreciation 2003 to 2005: -28.1%

2. Phoenix, Ariz.
ZIP Code: 85054
Neighborhood: Desert Ridge/Montage
2005 Median Sales Price: $289,950
Total Price Appreciation 2003 to 2005: -22.3%

3. Chicago, Ill.
ZIP Code: 60611
Neighborhood: Near North Side/Gold Coast
2005 Median Sales Price: $350,000
Total Price Appreciation 2003 to 2005: -20.5%

4. Houston, Texas
ZIP Code: 77056
Neighborhood: Tanglewood
2005 Median Sales Price: $335,160
Total Price Appreciation 2003 to 2005: -16.8%

5. Minneapolis-St. Paul, Minn.
ZIP Code: 55129
Neighborhood/Area: Woodbury
2005 Median Sales Price: $274,900
Total Price Appreciation 2003 to 2005: -16.2%

6. Dallas, Texas
ZIP Code: 75212
Neighborhood: Oak Cliff
2005 Median Sales Price: $96,093
Total Price Appreciation 2003 to 2005: -14.6%

7. Boston, Mass.
ZIP Code: 02120
Neighborhood: Mission Hill
2005 Median Sales Price: $412,750
Total Price Appreciation 2003 to 2005: -14%

8. Atlanta, Ga.
ZIP Code: 30305
Neighborhood: Buckhead/Tuxedo Park
2005 Median Sales Price: $274,650
Total Price Appreciation 2003 to 2005: -13.6%

9. New York, N.Y.
ZIP Code: 10069
Neighborhood: Upper West Side
2005 Median Sales Price: $980,000
Total Price Appreciation 2003 to 2005: -11.3%

10. Philadelphia, Penn.
ZIP Code: 19133
Neighborhood: Kensington/North Central
2005 Median Sales Price: $34,500
Total Price Appreciation 2003 to 2005: -9.7%

I don’t want to sound like one of those people who brags about thier home town but I’m thinking they missed one.

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6 Comments

  1. Maggie March 20, 2006
  2. cstmbuild March 20, 2006
  3. mj March 20, 2006
  4. JohnAnnArbor March 20, 2006
  5. invernessie March 20, 2006
  6. Cybrludite March 21, 2006