My family and I enjoy going to events in The Paseo. I think the University Park neighborhood just north of the arts district is RIPE for a renovation boom. There are some beautifully renovated homes there, and the homes in need of rejuvenation are priced very, very reasonably. I would like to see the City of Oklahoma City go through and redo the sidewalks in this area. They really need it!
If you are looking for a diamond in the rough to renovate and can't afford Crown Heights, I think the neighborhoods around The Paseo are a great, affordable choice! If you need a Realtor to keep an eye out for a great buy, I'd love to help you. Best wishes!