As many others have mentioned the neighborhood is well established and has a wide variety of sizes and qualities. If you are buying a home to be your primary residence then you would be buying in a stable neighborhood that has been affected by the downturn in the economy about the same as most.
If you are really buying a home as an investment its value is most often determined by the amount of income the home will bring. Most property managers I know do not have many vacancies, partially because of the number of people who are losing their homes to foreclosure and short sales where the former seller can't buy so they need to rent.
The key would be to determine what the homes in that subdivision would bring in rents. If a certain square footage or bedroom/bath count would bring a better rent for the size it would be important to know that before you purchase. I work with top professionals in the property management field to make sure you are basing your decisions based on fact, not fantasy.
Once you know the amout of the rent, then examine the expenses and determine what type of return you want to make on the 30% down payment money you will be required to pay to buy an investment property.
If you have other questions, let me know.