Bushrod, a small enclave in Northern California, has become the first neighborhood in Oakland to make it onto one of Redfin’s “hottest neighborhoods of 2017” lists, and is one of the last places in the increasingly unlivable region where homes are for sale for under $1 million.
In fact, Bushrod was named Redfin’s hottest neighborhood to live in this year’s 2017 report.
The scramble to find more affordable housing in San Francisco has pushed many Bay Area residents in search of neighborhoods on the outskirts of the overpopulated, under-housed and overpriced city.
According to the Business Insider (via the San Francisco Chronicle), Bushrod — which has been a black, working class neighborhood — is a three-block-wide “micro-neighborhood” and has less crime than broader Oakland.
The area has come a long way. Bushrod Park reportedly used to be a major stomping ground for drug dealers.
However, Business Insider notes that the shooting death of a 15-year-old boy, who was traveling with a group of drug dealers, in 2005 — in addition to a series of other violent incidents in the enclave — led to an effort to clean the streets of crime.
A “modest bungalow” on Shattuck Avenue in the neighborhood with three bedrooms, one bathroom, an attached garage and a backyard was reportedly listed for $799,000. According to Business Insider, Bushrod homes typically sell in under two weeks at 115% of the listing price.
Bushrod’s rise is endemic of San Francisco’s housing crisis.
San Francisco has the lowest percentage of children of any major city in America, with just 13 percent of the city’s population under 18 years of age. Despite efforts to ramp up the city’s public parks and kid-friendly facilities, other issues like the poor quality of the public education system, coupled with the tech boom, have led to a decline in nearly half the number of children there since 1970.
Breitbart News previously reported in May that the California Housing Partnership Corporation issued a report showing a shortage of more than 134,000 affordable homes in the four counties surrounding San Francisco: Alameda, San Mateo, Contra Costa and Sonoma counties.
Most troubling, perhaps, is a report released by the Bay Area Council earlier this year indicating that traffic congestion and skyrocketing housing prices have caused approximately 46 percent of the Bay Area’s millennial residents to start looking at potentially exiting the increasingly unlivable region.
The findings were part of a new poll released by the Bay Area Council on Thursday, which also showed that 40 percent of Bay Area residents say they want to move away from the area over the next few years. That figure is up by 12 percent from last year’s report from the Bay Area Council, which found that 34 percent of residents wanted to exit.