Real estate maps, Crime Rating, real estate forecasts. What is Crime Rating? And how does the increase or decrease in crimes affect housing market predictions and how is this complex data displayed in real-time user-defined real estate maps? For more info, click real estate maps.
Is it a crime that still no one has local housing market predictions displayed on real estate maps? (Semi-humor in 2019). Crime rating is a rating of the risk of a violent or property crime occurring in the subject block, tract, zip code, neighborhood, or county, and is derived from historical crime data. The crime rating is based upon the total number of crimes per 1,000 residents, and a number between (1-100). And like the forecasts, typically has little influence on real estate market trends too.
There are many other sub-categories of crime ratings, like the types of crimes etc., but in general the core number of crime rating is enough for most people in determining if they want to invest or not invest in any local block or tract or zip code. And if you do not know what these words mean, read my Free EBook. Without user friendly real estate maps, crime rating is just a small piece of the mix of determining to pull the trigger or not.
Since crime rating are not very often updated, in general crime ratings do not have any influence on local real estate forecasts, but they do have an indirect influence on other variables, such as vacancy rates, since most people law abiding consumers would prefer not to live in an area of high crime rates.
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