The New York real estate market is in a class of its own. There are a few markets that are as competitive, expensive, or complicated. So, whether you want to live in New York or buy or invest in a property, it’s important to work with trusted professionals. New York has a diverse real estate market, from high-rise condos to luxury apartments and affordable houses.
To ensure you make the right choice, we’ve narrowed down the list of the best deals for you. We deeply studied the home value, walkability score, ROI, and other statistics. The research found the following cities to be the best places to buy a house in New York.
DUMBO, Brooklyn
DUMBO is an acronym meaning Down Under Manhattan Bridge Overpass. This trendy neighborhood is known for its excellent views of the Manhattan skyline. As such, it is the perfect place for singles, young professionals, families, and retirees. The F or A/C subway access train makes for a short commute from DUMBO to Lower Manhattan.
The crime rate in DUMBO is quite low, as it is safer than 81% of other New York City neighborhoods. Because DUMBO is one of the best neighborhoods in Brooklyn, it comes with a higher price tag for houses for sale New York. The median home price in DUMBO is around $1,683,175.
There are several fun things you can do if you choose to live in DUMBO. For instance, you can stroll through the Empire Fulton Ferry Park or swing by the First Thursday Gallery Walk. Also, the restaurants at DUMBO are quite elegant.
Forest Hills, Queens
If you are looking for a place in New York where you get a yard, can walk your kids to school and is far from the hustle-and-bustle city life, then Forest Hills is the place for you. Forest Hills is a perfect residential oasis in the center of Queens. Although Forest Hills has more of a suburban feel, you wouldn’t miss out on the great New York City amenities. Forest Hills also offers a diverse culture, with Jews and Asians dominating the place.
The median cost of homes in Forest Hill is around $510,930. And over 46% of the households in Forest Hills are owner-occupied. There are several interesting things to do in Forest Hills, like visiting its cozy neighborhood theater, the Queens Zoo, etc.
Greenwich Village, Manhattan
Greenwich Village is another excellent place to buy a house in New York. It is a town with tons of cultural and historical significance. It has a little something for everyone, from beautiful hometowns to great schools, excellent restaurants, bars, shops, and so on. There are many attractions in Greenwich Village, like Washington Square Park. There are also several exquisite restaurants in this area, as well as bars.
Greenwich Village has ample green space, but homes here are quite expensive. The median home cost in Greenwich Village is about $951,089. Despite its price, home inventory in Greenwich is quite tight. So, if you have the budget and are quick enough, Greenwich Village is one of the best places to buy a home in New York City.
Riverdale, Bronx
If you want a place in the Bronx, then you should consider Riverdale. This neighborhood is in the price location along the Hudson River, and it offers several spacious homes and a quick way to commute to Manhattan.
Riverdale is known for its Tudor-style and Colonial architecture. Houses in Riverdale are quite affordable, with the median home value at $358,962. The Bronx area has top-rated K-12 schools like the Riverdale Country School or the Horace Mann School. It is also near private universities like the College of Mount Saint Vincent and Manhattan College.
West Chelsea, Manhattan
West Chelsea has been one of the best neighborhoods in Manhattan for a long time, and it is popular for its culture, art, and nightlife. While West Chelsea is still a developing neighborhood, its proximity to Hudson Yards has a more old-world character.
West Chelsea is a great place to invest in a property as big corporations like WeWork and Google have large offices in this area. The median cost of homes in West Chelsea is about $1,206,670. West Chelsea attracts home buyers interested in technology and art. However, access to trains and transportation in West Chelsea is not top-tier. For this reason, this city attracts fewer families and is more populated with young professionals.
Conclusion
New York has been a top destination for people who want to invest in real estate. So, whether you wish to pursue a career or settle down with a family, there are several great places in New York that offer you just that. But ensure you take the proper steps to get you on the right way.