Before you decide to buy, talk to some homeowners, make sure you check out the area, Friday/Saturday nights as you will need to endure loud music, people singing/laughling loudly, fireworks, car racing, and if you see 4-6 youth running, get out of their way and take cover= gang activity in the street, and make sure you check area crime statistics.
Remember you get what you paid for! Honestly, if I could afford to move, I would move out.
Safety could be a factor, but condition and seller motivation could also be other factors.
Have your REALTOR or agent to a comparable market analysis, that will be one of the ways to see if it's priced under market.
Bankers Realty Exclusive, Inc
DRE Lic #01239118