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Housing prices exploded here over the last 10ish years but they’re starting to correct now.
My first house was $210k for 1968 built 900sqf bungalow. I sold it 3 years later for $315k. Built my next house (1900sqf 2 storey) for $475k And even after the correction it’s worth around $525k (though they’re not done going down). Its not justifiable for this city at All.
As for that being a high crime area, I guess it is, But certainly not the worst. And there is quite a bit of new construction going on there as the city has given incentives to encourage New builds to revitalize the area.
Overpriced for sure. But par for the course in this city, unfortunately.