I prepared this Map of historic districts in Phoenix AZ and it is designed to show the areas in which people are expessing an interest in wanting to purchase a property so they can restore it to the charm of the 30s, 40s, and 50s decades.
Some folks like to restore old cars and others like to restore homes in historical districts. Some of the districts are more favorable than others and equally as well some are more affordable. Phoenix has a number of historic areas and if one is going to take on a project of this size, then you want to be in an area where other folks want to locate. This Map of historic districts in Phoenix AZ is where the "action" is and the prices range from $150k for a 800 sq.ft. bungalow to $500k for a 4,000 sq.ft. spanish colonial.
If you are looking to purchase a home to be restored in the Willo District then you will pay more than if you are looking in the developing Encanto area. Please use this Map of historic districts in Phoenix AZ to start your search.
Remember, if you are thinking of flipping a home in a historical district the odds are you will loose money, on the other hand if you take your time and learn the historical nuances of the neighborhood and implement them (don't be under capitalized) you will end up with a very charming home that has a lot of value.