Kensington has long been known for its diverse population, charming homes, and close proximity to Prospect Park. In recent years, however, this area has become increasingly known for new luxury buildings that have sprouted up next to decades-old single-family homes. Kensington is a mostly residential neighborhood, but you can still find a wide range of ethnic shops and grocery stores thanks to its residents who hail from all walks of life. This is the perfect place for young professionals looking to get into the world of New York real estate since home prices in this neighborhood tend to be slightly less than prices in surrounding areas.