Investor · New York City, NY · Member since 2013 · 263 posts · 141 votes
10y
The characteristics vary by neighborhood, city and state. You have some poor neighborhoods that are well maintained on the outside and the people are hardworking and the streets are quiet. Due to size and location the home prices are going to be low. Then you have other poor neighborhoods where there is always people hanging out, it can be overcrowded, lawns not manicured, garbage all over the place and crime. Rich neighborhoods normally have huge homes /mansions, well manicured lawns, clean, and sometimes security.
There is also a taste or lifestyle factor. Living in NYC what is cheap to us is expensive to people in other parts of the country. There are neighborhoods that we like in other states that the people in those states would never live.