**Median Housing Prices by Neighborhood Analysis**
Analysis of Median Prices by Neighbourhood
The image presents a bar chart comparing the median housing prices across various neighborhoods, represented by a gradient color scale. Below are the notes capturing essential details and insights from the chart.
Key Observations
- Top Neighborhoods by Median Price neighborhoods show the highest median prices, indicating they are likely to be more desirable based on amenities, location, and overall living conditions.
- Prospect–Lefferts Gardens
- Flatbush
- Astoria
- Upper East Side
- Lower East Side
- Lower Neighborhoods by Median Price neighborhoods have lower median prices, suggesting they may face challenges in terms of desirability, access to amenities, or perceived safety.
- East Harlem
- Hell's Kitchen
- Harlem
- Upper West Side
- Chelsea
Neighborhood Price Data Table
Neighborhood | Median Price |
---|---|
Prospect–Lefferts Gardens | 660 |
Flatbush | 640 |
Astoria | 620 |
Upper East Side | 600 |
Lower East Side | 580 |
Bedford–Stuyvesant | 600 |
West Village | 620 |
Crown Heights | 580 |
Financial District | 600 |
Midtown | 580 |
Greenpoint | 600 |
East Village | 580 |
East Flatbush | 580 |
Bushwick | 580 |
Williamsburg | 580 |
Chelsea | 580 |
Upper West Side | 580 |
Harlem | 580 |
Hell's Kitchen | 580 |
East Harlem | 580 |
Additional Insights
- Price Range Variation: The data shows a significant variation in housing prices, suggesting that neighborhoods can be catering to different income brackets or demographics.
- Potential Influencers: Factors influencing housing prices may include proximity to public transport, schools, parks, shopping areas, and overall neighborhood development.
- Market Trends: Analyzing such data over time can reveal trends in gentrification or changes in the economic stability of neighborhoods, which would be crucial for investors and potential residents.
By delving into the median prices and their implications, stakeholders can better understand the living conditions and market dynamics of different neighborhoods in the area.
Reference: ::urlcard[Spotlight: New York City's Homeowner Housing Market]{src="https://comptroller.nyc.gov/aaa/spotlight-new-york-citys-homeowner-housing-market/ "aaa""}
www.yourlawyer.com
The New York City Rent and Housing Prices by Borough
www.redfin.com
New York Housing Market: House Prices & Trends - Redfin