New York, N.Y. Median price per foot, 2012:
$272 Percent change since 2011:
Crown Heights is considered an up-and-coming Brooklyn neighborhood, with a signature street fair. But it has a ways to go before making a strong economic impact on the borough. Consider that both the median income and the median rents paid by residents of this 1.9 square mile area were below borough-wide averages. With a standard house going for $595,000, according to Trulia, residential prices are attractive by New York standards.
(iStock) More From 24/7 Wall St.
: The Worst Product Flops of 2012 American Cities Adding or Losing the Most Jobs The Cities Where Violent Crime Is Soaring The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.