Definition of "Neighborhood" :

noun: people living near one another

"It is a friendly neighborhood."

noun: a surrounding or nearby region

"He always blames someone else in the immediate neighborhood."

noun: an area within a city or town that has some distinctive features (especially one forming a community)

"An ethnic neighborhood."

noun: the approximate amount of something (usually used prepositionally as in in the region of')

"The price is in the neighborhood of $100."