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Old 11-02-2010, 02:03 PM
 
Location: Downtown Durham, NC
919 posts, read 2,024,331 times
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If you're looking at doing a rehab, there are still a lot of homes to be had in Cleveland-Holloway for less than $50k. You will probably need to budget another $75 to 100k to fully renovate the property, but you can do that over time.

Cleveland-Holloway still does have a higher crime rate than the city-wide average, so it is technically a "high crime" area. The neighborhood association has been doing a lot of organizing as of late and has been very successful at getting crime to go down in the region. This has been helped by nearby efforts like Operation Bullseye.

I would say that anything in an urban or suburban location will be very hard to get for less than $100,000 without having something to sacrifice. Crime may be one of them, but you can get in on the ground floor of a neighborhood that is working hard to combat crime.
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Old 11-02-2010, 05:49 PM
 
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We feel quite safe in our neighborhood in the "Caraleigh" area due south of downtown Raleigh, but ITB. Plenty of tiny starter homes near 100K, and easy access to the farmer's market and restaurants and bars downtown.
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Old 11-02-2010, 06:32 PM
Status: "Summer, please don't leave!" (set 7 days ago)
 
Location: Asheville, NC
11,469 posts, read 25,695,605 times
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Quote:
Originally Posted by myotis13 View Post
We feel quite safe in our neighborhood in the "Caraleigh" area due south of downtown Raleigh, but ITB. Plenty of tiny starter homes near 100K, and easy access to the farmer's market and restaurants and bars downtown.
Thanks to everyone. I will pass the info on. What zip is that or how do I search for homes there?
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Old 11-03-2010, 09:13 AM
 
1 posts, read 901 times
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Yeah it will be difficult to do it by zip codes
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Old 11-03-2010, 12:55 PM
 
1,118 posts, read 1,968,794 times
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You can find an older townhome for that price range...in a safe neighborhood too. I know someone who was/is selling a townhome accross from shelley lake for 9X,000
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Old 11-03-2010, 06:08 PM
 
14 posts, read 19,317 times
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Our zip is 27603 but that is a huge zipcode that includes both south Raleigh and parts of garner. I searched by using realtor dot com, trulia, and zillow, and searching by price range and then using the map view to see in what neighborhoods properties were located
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Old 11-04-2010, 11:41 AM
 
Location: SW Durham, NC (27713)
1,040 posts, read 3,243,308 times
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Lightbulb 27713 - Durham

I love living in the 27713... If you have any question on SW Durham or 27713 please let me know!

Matt
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Old 11-04-2010, 07:21 PM
 
15 posts, read 25,397 times
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I've lived in Cloverdale in the past for about a year. While it's certainly not a ritzy area, it's not shady either. Pretty quiet overall, with a mix of lower-income folks and retirees.

One of the 'ghetto' areas of Raleigh is just a short drive north.

I bought a house there for $75K, but it was a HUD home that need a lot of work done to make it decent. I'd guess homes that aren't wrecks would run between 115K-150K.
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