Most under-valued community in prince george/howard county (Columbia, Silver Spring: real estate, apartment)

[yaofuzhang]

I understand that almost no place near DC would be considered under-valued to some people. But just relatively, where do you think have the most potential to pick up real estate price in prince george/howard county?

I would vote for greenbelt. I think it is close to DC with easy access to metro. The housing price is not as high as Columbia or Elliott city, so it has potential to grow. On the other hand, the price of Columbia or Elliott city are already high up there. I like the homey atmosphere of greenbelt. The high school in greenbelt is also good. Plus, it is close to UMCP. What do you think?

I am looking to buy a small townhouse in this region and I am just doing my homework. I plan to spend up to $200,000. I am a single male in mid-twenties and I plan to have one roommate either in one of the bedroom or in the basement. So location with easy renting is a plus for me. Any suggestions for me? Thanks.

[adelphi_sky]

Originally Posted by yaofuzhang

I understand that almost no place near DC would be considered under-valued to some people. But just relatively, where do you think have the most potential to pick up real estate price in prince george/howard county?

I would vote for greenbelt. I think it is close to DC with easy access to metro. The housing price is not as high as Columbia or Elliott city, so it has potential to grow. On the other hand, the price of Columbia or Elliott city are already high up there. I like the homey atmosphere of greenbelt. The high school in greenbelt is also good. Plus, it is close to UMCP. What do you think?

I am looking to buy a small townhouse in this region and I am just doing my homework. I plan to spend up to $200,000. I am a single male in mid-twenties and I plan to have one roommate either in one of the bedroom or in the basement. So location with easy renting is a plus for me. Any suggestions for me? Thanks.

EYA Arts District and Hyattsville as a whole in Prince Georges County hands down. Some business owners see it as the next Bethesda. Lofty ambitions, but it is on the rise and hopefully will become a better version of Downtown Silver Spring. That could take 15 years though.

I'm sure others will disagree. :-)

EYA Arts District

[selhars]

What does EYA stand for?

Thanks.

[justtitans]

I do agree with Greenbelt, but I also have to add the Oxon Hill/Fort Washington area. Greenbelt is about to have a lot of development around their Metro stations, you combined that with good schools and relatively safe town and you will probably see a boom once they finish with that new development.

As far as Oxon Hill and Fort Washington, they just keep adding new things. We're about to get a new outlet mall, a Walmart (they are already clearing the land for the street that it will be on), National Harbor is also building manor houses and possibly a Disney resort Hotel, a Children's museum and there is already a 3D movie theater that opened in Rivertowne. They are definitely trying to make Oxon Hill/National Harbor the big thing here. It's dirt cheap to live in Oxon Hill and Fort Washington outside the National Harbor, but once the housing market picks up and the National Harbor continues to develop, that will change.

[adelphi_sky]

Originally Posted by selhars

What does EYA stand for?

Thanks.

It's the initials of the owners. (S)omething (S)omething (A)ssociates. They are the developers.

[scrapper105]

If schools aren't important yet, there are a couple hidden gem areas in the Hyattsville/Adelphi area. They are far enough away from the University to not attract large groups of student renters, but close enough to attract grad. student renters. In fact, if you live in the basement apartment and rent out the house, you could attract a visiting faculty and his/her family.

These hidden areas are called University Hills (the southern portion of that neighborhood); Lewisdale (iffy, but still an option) and an area of Adelphi north of Univ. Blvd/193, west of Adelphi, and south of Metzerott.

[cool rob]

Capitol Heights, Oxon Hill, Mount Rainier areas- Pretty much any area that borders DC, At some point they will be gentrified and will be taken full advantage of by commuters who are tired of traveling 4 hours from Prince William County each day-

Unfortunately, currently it's a classic case of divide and conqueor, where those who live outside of the beltway are made to feel "superior" to those inside the beltway, while the county as a whole should be united, since I never hear the news say "Inside the beltway there was a murder", no they say "In Prince George's County there was a murder" but eh whatever-

When that day will arrive, I have no clue, however at some point folks will start to realize that you can get to Downtown DC in 15 minutes from some of the worst areas in Prince George's County, during awful rush hour traffic

JMO

[adelphi_sky]

Originally Posted by cool rob

Capitol Heights, Oxon Hill, Mount Rainier areas- Pretty much any area that borders DC, At some point they will be gentrified and will be taken full advantage of by commuters who are tired of traveling 4 hours from Prince William County each day-

Unfortunately, currently it's a classic case of divide and conqueor, where those who live outside of the beltway are made to feel "superior" to those inside the beltway, while the county as a whole should be united, since I never hear the news say "Inside the beltway there was a murder", no they say "In Prince George's County there was a murder" but eh whatever-

When that day will arrive, I have no clue, however at some point folks will start to realize that you can get to Downtown DC in 15 minutes from some of the worst areas in Prince George's County, during awful rush hour traffic

JMO

Studies have already shown that the suburbs will house the low-income that are pushed farther out from the city center. How far out though is a matter of debate. If transit oriented development is any indication, any place within a square mile of a metro station will be too expensive.

[yaofuzhang]

Areas near national harbor can definitely be better once the PG government is up to speed with all the new things.

Originally Posted by meatkins

I do agree with Greenbelt, but I also have to add the Oxon Hill/Fort Washington area. Greenbelt is about to have a lot of development around their Metro stations, you combined that with good schools and relatively safe town and you will probably see a boom once they finish with that new development.

As far as Oxon Hill and Fort Washington, they just keep adding new things. We're about to get a new outlet mall, a Walmart (they are already clearing the land for the street that it will be on), National Harbor is also building manor houses and possibly a Disney resort Hotel, a Children's museum and there is already a 3D movie theater that opened in Rivertowne. They are definitely trying to make Oxon Hill/National Harbor the big thing here. It's dirt cheap to live in Oxon Hill and Fort Washington outside the National Harbor, but once the housing market picks up and the National Harbor continues to develop, that will change.

[yaofuzhang]

Thank you guys for all your responses. What do you think of Odenten and Burtonsville? Neither is very big, but there are very nice pockets out there. For example, Piney Orchard in Odenten and McKnew Rd in Burtonsville? Well, these places are probably already on the pricey end and they are in Montgomery and Anne Arundel county. But the property tax is really lower.