not sure about white or asian areas, sometimes

asians can make a neighborhood prices go up very fast. I have seen neighborhoods which stand very well in this storm just because it's at least 40% asians ( i mean chinese, indian and other asians altogether ), but these neighborhoods tend to be middle class level with median housing prices.

but i still admit, the richest area in one city/county is typically 90% white, 5% asian and 5% others. Rich areas stand even better in housing downturns. A lot of forclosures get sold even before the banks bring them to MLS. Public schools in these areas are normally not the greatest on 'tests' but the kids do great on social studies generally. besides, a lot of rich send their kids to private schools.

it's your own call. depends on how old are your children and who you usually socialize with, and how much you want to stretch youself with.