I think it all depends on what you are looking for and price. There are a lot of theories that St. Elmo at the foot of lookout could catch on, and the Highland Park area as well. There homes in these areas that need updateing and could be bought for $100,000 and less in some cases. If you are looking for an area that could return you more money in the long run, I would definately look into the Signal Mountain area because of the new High School and Middle School that just opened this past year, and prices are going up, but you will pay more onthe front end. Note of caution, all of these areas are still hard to flip homes in if that is what you are thinking of doing, in my opion.