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NYC's best neighborhoods for first-time home buyers

It may come as no small surprise that there are relatively affordable homes for sale to first-time buyers in nearly every borough of New York City.

That's according to a new report from StreetEasy that looked at 2015 listings to find which neighborhoods were the best bets for first-time buyers. Setting their baseline at $524,050, they found 13,518 listings at or below that price.

As you might expect, neighborhoods further from midtown Manhattan had larger affordable inventories.

But there were five standouts: Riverdale, in the Bronx; Sheepshead Bay, Brooklyn; Forest Hills, Queens; Bay Ridge, Brooklyn; and Washington Heights, Manhattan.

Riverdale, Bronx

Riverdale, an upscale neighborhood in the Bronx, had
Photo Credit: Jeremy Bales

Riverdale, an upscale neighborhood in the Bronx, had the most homes available to first-time buyers in 2015: 1,087.

Sheepshead Bay, Brooklyn

There were 702 homes available to first-time buyers
Photo Credit: Anthony Lanzilote, 2013

There were 702 homes available to first-time buyers in Sheepshead Bay in 2015.

Forest Hills, Queens

Forest Hills had 553 homes available for first-time
Photo Credit: Yeong-Ung Yang

Forest Hills had 553 homes available for first-time buyers in 2015.

Bay Ridge, Brooklyn

There were 340 homes available for first-time buyers
Photo Credit: Anthony Lanzilote

There were 340 homes available for first-time buyers in the southern Brooklyn neighborhood of Bay Ridge in 2015.

Washington Heights, Manhattan

Washington Heights had an total inventory of 301
Photo Credit: Linda Rosier

Washington Heights had an total inventory of 301 homes available for first-time home buyers in 2015.

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