Having worked near these neighborhoods the value you put in would be at a high risk. It's very possible you'll be assaulted, your home will be robbed, and the market value won't match the renovation costs.
All that said, some parts are gentrifying. Though mostly where developers can get large enough plots.
Yea for sure. I lived near there for a short while (in school) and have some friends in the area still.
The point is that most of the cost of these homes are labor - even when land is nearly free (<50k in a city), you can’t get a “cheap” home that’s made to modern standards. If the land is free, there is no demand and high supply, but the house is expensive- it’s labor or materials driving the cost.
All that said, some parts are gentrifying. Though mostly where developers can get large enough plots.