**Median Housing Prices by Neighborhood Analysis**

Analysis of Median Prices by Neighbourhood

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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

NeighborhoodMedian Price
Prospect–Lefferts Gardens660
Flatbush640
Astoria620
Upper East Side600
Lower East Side580
Bedford–Stuyvesant600
West Village620
Crown Heights580
Financial District600
Midtown580
Greenpoint600
East Village580
East Flatbush580
Bushwick580
Williamsburg580
Chelsea580
Upper West Side580
Harlem580
Hell's Kitchen580
East Harlem580

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