Despite being popular as one of the cities in the US with the highest living cost, it is not impossible to find an on-budget property in New York. Contrast to most people’s beliefs, New York has some affordable neighborhoods where you can live in peace. The city has low-cost but safe areas to live in as long as you know where to look for. Get to know the 2021’s most safe and affordable neighborhoods in New York City on the following list.
Top 5 Safe and Affordable Neighborhoods in New York City in 2020
#1. Sheepshead Bay
With the median sales price of $365,000, Sheepshead Bay in Brooklyn will provide you with all things you can expect from an affordable neighborhood in NY. Taking a Q train or B express and stop at Sheepshead Bay Road, you will find lively streets full of shops and stores. If you are tired of shopping and need something for lunch, just proceed to the famous Randazzo’s Restaurant on Emmons Avenue. Here, you can enjoy delicious lunch menus while enjoying the neighborhood.
#2. Inwood, Manhattan
Situated in the northern part of Manhattan, Inwood has grown up as one of the most affordable places in NY to live. The median sales of properties in the neighborhood are about $410,000, lower than most areas in NY. Not only affordable but Inwood has also transformed into large transit access for those who are commuting by the A-line to Midtown and Downtown. Not only that but you can find a lot of green spaces such as Inwood Hill Park and the Hudson River in the neighborhood.
Top 5 Safe and Affordable Neighborhoods in New York City in 2020
#3. Jamaica Hills
With a median sale price of $215,000, Jamaica Hills in Queens is no doubt one of the most affordable neighborhoods in New York City. This year, 66% of sales are co-ops while the remaining 44% were housing. From Jamaica Hills, you will only need about 45 minutes to reach Grand Central Parkway by driving. While it is easier to travel from Jamaica Hills to other neighborhoods in NYC, commuting to Midtown by mass transit might not be a good option.
#4. Port Richmond
Port Richmond on Staten Island has a median sales price of $367,395. Due to the popularity as a neighborhood with relatively low-cost living, the stock in Port Richmond is almost entirely housing. Most of the time, people in Port Richmond tend to opt for single- and two-detached and semi-detached houses. The neighborhood comes with some points of interest including the Empire Outlets mall where you can find fancy restaurants, bars, and high-end discount stores. Not only that but Port Richmond is also the home of the famous Snug Harbor Cultural Center and Botanical Garden.
#5. Highbridge
Decades ago, living in the Bronx might not be a wise option to take as the area was well-known for its high rate of crimes. However, it is just a part of history. Now, Bronx is safe and Highbridge, one of its neighborhoods, becomes a new favorite destination for property hunting.