A home could be in the best school district in the top neighborhood of any town, but if it’s on a busy street, across from a commercial center, next to a school or near a freeway on or off-ramp, that home’s value will always be significantly less than the values of comparable homes nearby. If you want to be in a great area but don’t want to pay top dollar, buying a home near a slightly undesirable feature could be an option, so long as the broader location is good.