YL is safe or I would not live here. We also do not have the price drops as other areas have. Look at the income statistics and you will see YL is in the top tier. Schools are great too.
What you have to be aware of is agents will not always tell the truth on how location in YL is paramount. Having been a broker for 34 years and in YL since 1981 I think I know a bit about this. No I am not asking for business. I am retired in YL and love it. I just cannot stand all these preening agents who fail in the ethics class daily. Stay close to the high schools and W/I 3 miles of Kellogg. Learn the school areas. East Lake offers the most bang for the buck since the private lake and pools, gym etc.. are a bargain. Go with a proven agent, not one with a slick flier who drops you off to a newbie once contact is made. Avoid teams. Do not go past the Honda dealership. Watch for people walking.. enjoying the area.... stay away from ghost town developments in outlying areas and homes built before 1980
To date there has been no effect on home prices due to the fire. There has been an increase in demand for homes to lease in the area. This increase in demand may lead to higher rental rates. Hope that helps, Walter