(DNAINFO)  Allegra Hobbs | November 10, 2016 — East Village properties are no cheaper than those in historically swankier neighborhoods in Manhattan.

Though the East Village has long had a reputation as a bohemian artists’ enclave, a new look at the neighborhood’s cheapest real estate purchases shows it to be on par with historically swankier Manhattan neighborhoods such as Greenwich Village.

The 10 cheapest one-bedrooms available for purchase in the East Village during October ranged from $499,000 to $685,000, according to real-estate analytics team Neighborhood X — not far behind the cheapest one-bedrooms in Greenwich Village, which fell between $585,000 and $795,000.

The high cost of living in the once-bohemian neighborhood signals an important transition from alternative to coveted, according to Neighborhood X co-founder Constantine Valhouli, who said he was surprised to find that the baseline prices across Manhattan neighborhoods had more or less evened out.

Source: East Village Is No Longer ‘Affordable’ Option for Most Buyers, Experts Say – East Village – DNAinfo New York