The Revitalist

BusinessWeek.com has released another one of their surveys: America's Next Hot Neighborhoods (via CoolTown Studios). BusinessWeek.com and Zillow.com put together the survey of the most affordable gentrifying neighborhoods in the country's 11 largest cities. These are neighborhoods with a median home price well below that of the overall metro area and with steady appreciation over the last five years. Access to transportation options, a commercial infrastructure and dropping crime rates, combined with housing affordability, are generally what make these areas attractive. But BusinessWeek.com cautions that these neighborhoods aren't for everyone. You should make sure that you're comfortable with the level of safety and to be sure that there is already some development: "You don't want to be the first guy there. You're better off being the second or third one in."

Zillow's heat map for BostonBoston's Next Hot Neighborhood: Dorchester, with 60% appreciation over the last five years and a median home price of $331,896. Honorable mentions were given to two Dorchester neighborhoods, Mount Bowdoin and Grove Hall.

Be sure to check out the comments on the article – pretty entertaining stuff. There's a lot of "you've got to be kidding—have you ever been there?" and "hey, it's not as bad as it used to be..."