Warning: 7 Dangerous Cities Where Property Investment Might Not Be Worth the Risk

0

When looking for a new house, safety should be the primary consideration, regardless of how appealing the pricing may appear. While some locations may provide bargains, they also pose major hazards due to high crime rates, shaky local economies, or crumbling infrastructure.

In this post, we’ll look at seven of the most dangerous cities where acquiring property may not be worth the risk. These places, from locations plagued by violent crime to regions facing significant economic and social issues, raise serious safety concerns that may have an impact on your well-being and investments.

Whether you’re a prospective homeowner or an investor, understanding the hazards connected with these areas is critical for making an informed decision.

1. Kansas City, Missouri

noted for its incredible barbecue and jazz, Kansas City is also noted for its crime, with a per capita crime cost of $6,398, more than 17 times greater than the nation’s safest large city, Irvine, which has a crime cost of $364. Its City-Data crime index number is 675.1, which is equally alarming.

2. Milwaukee, Wisconsin

Milwaukee, known for its breweries and beer-making history, is a terrific destination to grab a pint, but it may come at a premium. The city’s crime cost is $7,029, with a City-Data crime index score of 663.2.

3. Cleveland, Ohio

Cleveland, home to the Rock & Roll Hall of Fame, also ranks high on this list due to its high crime cost of $7,397, according to MoneyGeek. Its City-Data crime index number of 752.9 is also unimpressive.

4. Little Rock, AR

Little Rock, Arkansas’ capital and largest municipality, with a City-Data crime index rating of 796.9 and a crime rate of $7,781.

5. Detroit, Michigan

Detroit nicknamed Motor City due to its auto sector background, has also been noted for its high crime rates in the past. Indeed, MoneyGeek lists the crime cost as $9,281, while City-Data assigns a crime index score of 847.

6. Saint Louis, Missouri

With its renowned Gateway Arch and thriving city culture, St. Louis appears more remarkable than its crime statistics, which show a crime cost of $11,055 and a City-Data crime score of 896.4.

7. New Orleans, LA

What’s not to love about the Big Easy, with its diverse gastronomic, musical, and melting pot cultures? For starters, it contains statistics on crime. With a crime cost of $11,094 and a City-Data crime index rating of 763.8, the Big Easy appears to be somewhat difficult.

Final Words

When making a property purchase, emphasize safety before cost. The cities highlighted—Kansas City, Milwaukee, Cleveland, Little Rock, Detroit, St. Louis, and New Orleans—pose considerable dangers due to high crime rates and economic instability, making them unsuitable for potential purchasers.

Leave A Reply

Your email address will not be published.