Bound by the Hudson, East, and Harlem rivers, Manhattan is the most densely populated borough of New York City. This place ranks among the world’s top financial, commercial, and cultural centers. That is why Manhattan is also known as the heart of the Big Apple.
This borough is home to iconic sites, such as Times Square, the theaters on Broadway, and so on. If you’re planning to move to Manhattan, read this article in which Maxwell Drever of drever capital management will discuss the four most affordable neighborhoods in Manhattan.
4 Most Budget-Friendly Neighborhoods in Manhattan
The following are the four most budget-friendly neighborhoods in Manhattan:
1. East Village
This gem of a neighborhood is located along the East River (between Houston Street and 14th Street). This lower Manhattan neighborhood is ideal for those looking to find a Greenwich Village-type neighborhood. On top of that, East Village is renowned for its picturesque, natural views.
In addition, this fantastic neighborhood features high-profile cafes, bars, shops, and restaurants. Moreover, East Village is home to a range of affordable housing options, from apartments to bungalows. The average home purchase price is $316,136, with the average monthly rent touching $1,538. Furthermore, East Village is considered forty percent safer than other Manhattan neighborhoods.
2. Murray Hill
Look no further than Murray Hill if you’re looking for a decent yet affordable neighborhood in NYC. This housing project is located between the East River and Sixth Avenue (from 23rd Street to 42nd Street). Murray Hill is considered ideal for young professionals and students, thanks to its proximity to Grand Central Station.
This neighborhood features a peaceful community with beautiful outdoor spots, making it perfect for families to settle in. The average home cost in Murray Hill is $650,646, and the median monthly rent is $2,474.
This beautiful neighborhood is located between the East and the Hudson River (from 96th Street to 155th Street). This neighborhood is further divided into three regions: Central, East, and West Harlem. In addition, Harlem is well-known for its beautiful art, diverse culture, and affordable housing options.
This neighborhood features several spacious, budget-friendly homes, making it one of Manhattan’s best places to settle in. The median monthly rent is $1,000, with the average home purchase price touching $321,025. Harlem is thirty percent safer than other NYC neighborhoods.
4. Upper East Side
Many people often call it a “suburb within the city,” and this neighborhood is home to some spacious, pocket-friendly homes. Located between the East River and Central Park (from 59th Street to 96th Street), the Upper East Side is well-known for its fantastic parks, family-friendly community, and low crime.
The low crime rate makes this neighborhood nearly eighty percent safer than other New York City neighborhoods. The average home purchase price in this neighborhood is $916,352, and the median monthly rent is $1,968, making it one of the best places to buy a home in Manhattan.
The Bottom Line
Manhattan is never short of high-profile, affordable neighborhoods, whether it’s Harlem or East Village. These neighborhoods offer numerous budget-friendly housing options, making them a go-to choice for those wanting to settle in Manhattan. If you’re moving to Manhattan but are unsure about finding an affordable neighborhood, look at those mentioned by Maxwell Drever. If you found this article helpful, let us know in the comments section.
Budget-Friendly Places to Live in Colorado
Whenever there’s a discussion about the most affordable places to live in the United States, Colorado’s name comes up instantly. This state is one of the best places to live.
Over the years, Colorado has established itself as one of the go-to states for Americans, thanks to its range of affordable housing options, outdoor recreation, and career opportunities.
In this article, Maxwell Drever of drever capital management will talk about the four most budget-friendly places in Colorado. Read on. m
4 Budget-Friendly Places to Live in Colorado
The following are the four most affordable places to buy a home in Colorado:
If safety and affordability are your top priority when it comes to buying a home, Briargate is what you need to see. This neighborhood is one of the best places for families to settle in, thanks to its significantly low crime rates.
Whether it’s modern homes to craftsman-style homes, Biargate has a range to offer. On top of that, this fantastic neighborhood features top-drawer parks, great shopping malls, and top-rated schools like Frontier Elementary School and Rampart High School.
The average monthly rent in Briargate is $1,351, and the average home purchase price is $283,838. Furthermore, this neighborhood is considered ninety-one percent safer than other neighborhoods in Colorado.
This affordable neighborhood is located close to the United States Air Force Academy. This neighborhood is popular among military families, active duty service members, veterans, and other Colorado residents wanting to live nearby the Air Force Academy.
Northgate is just fifteen minutes away from the downtown area and is home to various affordable housing units, high-profile restaurants, and top-notch breweries. With an average home cost of $409,033 and median monthly rent of $1,430, Northgate is one of Colorado’s best places to settle.
3. Old Colorado City
This is one of the most popular neighborhoods in Colorado Springs. This small housing area is filled with top-rated local boutiques, high-profile trendy restaurants, and unique public art. On top of that, Old Colorado City features eclectic housing options, from cozy cottages to modern single-family homes.
The average home purchase price in OCC is $460,100, with the median monthly rent touching $681. Furthermore, this neighborhood is twenty-seven percent safer than other housing projects in Colorado Springs.
4. Northeast Colorado Springs
If you’re looking for an affordable neighborhood in Colorado Springs that features fantastic outdoor recreation, look no further than Northeast Colorado Springs. This housing area is best known for its green space and local parks, such as Palmer Park, Pulpit Rock Park, and Austin Bluffs Open Space.
The best part about this neighborhood is you can buy a home at a significantly affordable price. To give you an idea, the average home purchase price in NCS is $211,330, and the median monthly rent is $914.
Colorado is America’s fortieth most populated state, with nearly 5.7 million people residing in this state. This state is well-known for its diverse landscape, featuring river canyons, arid desert, and the snow-capped Rocky Mountains. Colorado is also home to numerous affordable neighborhoods to settle in. If you want to move to Colorado, look at the state’s four most affordable places mentioned above.