That is such a subjective question. If you have children and are concerned about sex offenders, you can research this website, azdps.gov. You can research the grade schools for their "grading", and there are a lot of websites for crime statistics.
I've seen areas of the valley that may have been considered a "bad" area go through some drastic revitalization, with the 101 completed, the Cardinals Stadiium, new restraurants opening and other infra structure coming into play. These things have huge impact on making an area desirable.
The "flippers" are still very active in going into neighborhoods and renovating homes bringing the value of the area up.
I suggest taking a look at the property, do some homework and make you own conclusion.
Let me know if I can be of any further help.
Johnese "George" James, Designated Broker
Cabrillas Realty Services