Kansas City is a thriving metropolis with various neighborhoods offering unique opportunities for real estate investors. In this listicle, we highlight the top 10 emerging neighborhoods in Kansas City that have shown promising growth and prospects for real estate investors. With insights from DV Real Estate's certified professionals, you'll get a comprehensive understanding of each neighborhood's potential, demographic shifts, and investment prospects.
Whether you're a seasoned investor seeking new opportunities or starting your investment journey in Kansas City's real estate market, our carefully compiled list will provide valuable information to help you make well-informed decisions about where to invest. Stay ahead of the curve by discovering up-and-coming neighborhoods ripe for investment, ensuring you capitalize on potential growth and uncover hidden gems in the Kansas City real estate landscape.
1. River Market
The River Market neighborhood, located just north of the downtown business district, boasts a rich history and vibrant atmosphere. With an ever-growing collection of dining, shops, and entertainment options, River Market is an excellent investment opportunity for those seeking an urban living experience. The city has made substantial investments in infrastructure and development in the area, including the Kansas City Streetcar line, connecting River Market to other popular areas such as Union Station and the Power & Light District (source: https://kcstreetcar.org/about-streetcar-main/). Housing in River Market primarily consists of modern apartments, lofts, and condos, catering to young professionals looking to live in a trendy, walkable neighborhood.
2. Crossroads Arts District
Nestled amid a thriving arts scene, the Crossroads Arts District offers a unique blend of industrial architecture and eclectic venues. Significant enhancements to public spaces and continuous residential and commercial development projects contribute to this area's buzz. Additionally, the strong arts presence and popular First Fridays event have resulted in an increase in demand for co-working spaces, flats, and mixed-use buildings, presenting profitable investment opportunities. With its proximity to the downtown area and easy access to the Kansas City Streetcar, the Crossroads Arts District is both an enticing place to live and an investment hotspot.
3. Westside
Situated just west of downtown Kansas City, the Westside neighborhood is known for its beautiful views, diverse population, and artistic flare. As part of the Greater Downtown Area Plan, Westside has gained significant interest from investors seeking to capitalize on its potential for residential and commercial growth (source: https://www.kcmo.gov/city-hall/departments/city-planning-development/greater-downtown-area-plan-february-2010-1). The neighborhood features a mix of historic homes, modern apartments, and contemporary townhouses that appeal to a wide variety of renters and buyers. With a strong sense of community, unique small businesses, and continued development efforts, Westside is poised to attract more growth and investment.
4. Westport
As one of the city's most established neighborhoods, Westport is a hub of historical charm and renewed investment. With a strong retail and restaurant presence, this neighborhood has become a go-to destination for residents and visitors alike. Westport's mix of housing options, from renovated century-old houses to recently built apartments, attracts a diverse demographic, including young professionals and families. Efforts to improve streetscapes and infrastructure have led to increased walkability and demand for properties in the area. As Westport continues to evolve, it offers enticing opportunities for investors looking to take advantage of its rich history and flourishing nightlife scene.
5. Midtown-Westport
Midtown-Westport is a centrally located community that spans several neighborhoods. Situated near substantial employer hubs such as St. Luke's Health System and the University of Kansas Medical Center, this area offers investment potential for multi-family and midrise apartment complexes (source: https://edckc.com/industry/health-sciences/). The diverse housing options, affordability, and accessibility attract a mixture of workers, students, and young families. Additionally, the dynamic mix of nightlife, shopping, and dining options contribute to the area's appeal for renters and homebuyers.
6. Union Hill
The historic Union Hill neighborhood sits just south of Crown Center and east of the Crossroads Arts District. With exceptional city views, well-maintained green spaces, and a mix of restored Victorian houses and new urban living options, Union Hill appeals to those seeking the benefits of a close-knit community within an urban environment. Investors can benefit from the neighborhood's convenient location, diversity in housing options, and access to cultural experiences.
7. Waldo
Waldo offers affordable investment opportunities in a rapidly growing part of Kansas City. With a wide range of housing options, including charming bungalows, single-family homes, and new construction, Waldo is an attractive option for young families, first-time homebuyers, and renters. The area's revitalization has brought in new businesses and improvements in infrastructure, making it a desirable choice for investors seeking long-term appreciation and cash flow potential from rentals.
8. Beacon Hill
The Beacon Hill neighborhood, located just east of Hospital Hill and south of the 18th and Vine Jazz District, has seen significant revitalization due to partnerships between private developers and public stakeholders. Investors may find opportunities in the preservation and restoration of historic homes or the development of infill properties. The proximity to the downtown area, educational institutions, and a diverse community make the Beacon Hill area an intriguing investment choice.
9. Columbus Park
Columbus Park is a small, primarily residential neighborhood located northeast of downtown Kansas City. Its close proximity to downtown and the River Market, combined with affordable housing options, make it an attractive option for investors seeking property in an up-and-coming neighborhood. Investors can benefit from restored historic homes or the development of new multifamily complexes to cater to the growing demand for housing near the urban core.
10. Red Bridge
Located in south Kansas City, the Red Bridge neighborhood is attracting investment with its recent revitalization efforts, including the renovation of the Red Bridge Shopping Center and the addition of new housing developments. The area offers a range of single-family homes and apartment complexes, catering to families and young professionals. With its combination of affordability, retail growth, and well-maintained parks and green spaces, the Red Bridge neighborhood offers an appealing option for investment in the region's growing real estate market.
Invest Wisely in Kansas City's Growing Real Estate Market
Kansas City offers an array of enticing investment opportunities in many emerging neighborhoods, each presenting unique prospects and potential returns. Whether you're drawn to urban living experiences, historic charm, or revitalized communities, these top 10 neighborhoods are worthy of consideration for any real estate investor.
To make the most of your investment in Kansas City's thriving real estate market, hire a real estate agent only from a trusted partner like DV Real Estate. Our team is here to provide you with in-depth insights, guidance, and support throughout the investment process. Reach out to us today and let our certified experts help you make well-informed decisions in these promising Kansas City neighborhoods.