where I live, there is a street near mine that is locally famous for being a trouble making poor area.

Felony Flats is one of the nicer nicknames that neighborhood has. The street I live on is also famous, but it is famous for being the road with the old historical houses and generally upper class atmosphere, the popular walkway/trail runs alongside it.

Everything being equal and it came down to splitting hairs, if someone was to see the street names and addresses and knows the area, they would absolutely give me an opportunity vs my neighbor of just a few blocks away.

That really depends on the jurisdiction.

In the UK, it is mandatory to provide your actual address for most positions, for example.

What?

It seems pretty resonable for my employer to know where I live...

Here in Sweden, they get all of that info via our personal number which we submit to them when accepting the possition

Id simply put "none" in that box