I have been watching home values in Madisonville for the last couple of years and have noticed prices increasing, especially on the fringes of the neighborhood.  There is even a home for sale over $200,000.  Do you think Madisonville will ever become the next Oakley?  It is the same housing stock as much of Oakley.  Should it become the next Oakley?  It is sandwiched between Oakley, Hyde Park, Indian Hill and Mariemont.  It has a defined neighborhood business district.  There are a lot of houses for sale between $100k and $150k.  There are also a lot under $100k.  It has location potential but seems to struggle socially and economically.  Any thoughts?[glow=red,2,300][/glow]

Well, for the east side's only true "poorer" area, I wouldn't be surprised to see the Oakley-spillage come.

I've been thinking the exact same thing for years and years.  Though it seems like smaller houses than Oakley, from what I'm familiar with - seems like more two-family sized houses in Oakley, and more small single-families in Madisonville...though I could definitely be wrong on that.

 

Still, in that location, with the amazing demand, it's just gotta explode...

Housing prices in Oakley have been growing irrationally over the past few years. It would make sense to see it spill over. I've seen real estate listings that are in Madisonville get listed as an "Oakley" location.  I'm not very familiar with the area, but I have been down a few streets in the neighborhood that were downright pleasant.

I've noticed this too, SSSCincy.

 

But you're right about the tendency for the price increases to be on the periphery.  Off the top of my head, I can think of the following things occurring on the fringes of the neighborhood:

 

1) The activity along Red Bank between Madison and the redevelopment of the old Ford site in Fairfax

2) Centennial Station (I think that's what it's called), the condo/townhouse complex built not too long ago in the Red Bank/Brotherton/Erie area

3) The Hyde Park Circle office development at the old Oakley Drive-In

4) Indian Hill Place, part of which is within the city limits on Indian Hill Rd.

5) Sonoma Hill, being built off of Duck Creek by the cemetery

 

Within the core of the neighborhood, there are only a couple of examples of infill and spotty rehab work.  In other words, not enough to be termed a "Renaissance".  There is still more decline than repair in the majority of Madisonville.  One block of a street can be pristine and the next one will look like the industrial part of Northside.  Bramble Ave. needs a hell of a lot of help and the neighborhood's not ever going to thrive until they address the intersection of Madison and Whetsel.

 

I will say that it seems like I'm seeing fewer low-end, $10,000-$40,000 shacks being unloaded on the real estate listings.  I'm also seeing fewer demolitions.

 

These are just my observations.

 

P.S> Here's a thread with a few articles regarding the Madisonville business district and what the local folks are trying to get done:

http://www.urbanohio.com/forum2/index.php?topic=770.0