Inwood is one of the forgotten neighborhoods of Manhattan. It is as far north as you can go and still be on Manhattan Island. A far as real estate choices go, you will have mostly co ops with a few condos and private houses. One of the reasons for this has to do with the history of Manhattan. The first settlements were on the South end of the island, by the harbor and the rest of the island was farm land. As immigration increased and the southern tip of the island became too crowded, the migration to the north began. Since Inwood is on the far northern part of Manhattan, it was the last to be settled. It was farm land as late at the beginning of the 20th century and therefor missed out on the brownstone and Victorian building periods of the neighborhoods to the south.
Inwood is mostly a residential neighborhood, very much like a small town. It is very different from the neighborhoods to the south. If they ever decide to allow the waterfront to be used for residential development, things will change and the prices go up. With that possibility in mind, Inwood might be a good neighborhood to purchase real estate with the thought of a fast price rise, but that is only supposition. It is happening in other waterfront neighborhoods in all the boroughs, so there is a chance it will happen here also.
Inwood has its own park, Inwood Hill Park and has the IRT subway to take you to the rest of Manhattan.
The first thing to do is to determine if Inwood is the type of neighborhood that fits your wants and your needs. Take some time to just go and take a look around, get the feel of the pulse of the neighborhood, then take a look at the real estate available. The ones listed here at the lowest and highest priced of each type of real estate that is available today. There is quite a price range and the difference come from things like the actual room count and the sq footage. For instance, some studios are just one room, while some will be big enough to have a sleeping alcove. A one bedroom is usually a 3 room unit, but they can be different in size and the price can also depend on whether or not there is a terrace or in some cases, a garden. A two bedroom can be either a 4 or 5 room unit, a 5 room will have a separate dinning area. So, when you look, take a look at a variety of choices, in different types of buildings until you find the one that is you.
A studio co op for $170,000
A studio co op for $215,000
A one bedroom co op for $236,000
A one bedroom co op for $360,000
A one bedroom condo for $375,000
A two bedroom co op for $330,000
A two bedroom co op for $650,000
A three family pre war townhouse for $1,600,000