As cities continue to grow and evolve, new neighborhoods often emerge as hot spots for culture, cuisine, and living. These up-and-coming neighborhoods are often overlooked by traditional housing markets but offer significant value and potential for savvy real estate investors and renters alike. Here are some top up-and-coming neighborhoods to watch in 2021.
1. Highland Park, Los Angeles: Located on LA’s Eastside, Highland Park has experienced a surge of renovation and development in recent years, making it a top destination for young professionals and families alike. With its cafe scene, trendy food and drink spots, and local art and music scene, Highland Park is a perfect place to invest in real estate or to call your new home.
2. Avondale, Chicago: Avondale is a neighborhood that sits on the cusp of rapid development in Chicago. Bordering Logan Square and Roscoe Village, this diverse and vibrant community offers excellent access to transportation and proximity to two major highways. Avondale is a perfect balance of urban living and suburban feel, making it one of the best up-and-coming neighborhoods to watch in Chicago.
3. Battery Park City, New York: Battery Park City is a coveted location for buyers and renters alike, with its stunning views of the Manhattan skyline and the Hudson River. But recently, this neighborhood has emerged as an up-and-coming neighborhood to keep an eye on, thanks to the development of the World Trade Center, new retail concepts, and housing options.
4. East Austin, Austin: East Austin has been on the rise for some time but is intensifying in its development with a barrage of new dining and entertainment options, housing options, and developments. East Austin has transformed into one of the most sought-after destinations in Austin, making it a great place to make an investment.
5. Prospect Heights, Brooklyn: Prospect Heights has become an exciting up-and-coming neighborhood, in part due to Crown Heights’ gentrification. With a diverse population and a buzz driven by Barclays Center, Prospect Heights has attracted investors and homebuyers, making it a safe bet for any real estate portfolio.
These are just five up-and-coming neighborhoods to keep an eye on in 2021. The key takeaway is that as cities continue to grow and evolve, new neighborhoods emerge as hot spots for culture, cuisine, and living.
If you plan to invest in real estate, it’s essential to research and stay informed about neighborhoods that are on the rise. By investing in up-and-coming neighborhoods, you can capitalize on the value and potential growth that these areas have to offer.
