Silver Lake named a "best big-city neighborhood"

This fall, CNN named our little Los Angeles neighborhood of Silver Lake one of the best big-city neighborhoods in the country.

The cost of living in Silver Lake? Home values are at a median value of $632,000, while median household income is $62,800 and an average two-bedroom rental price is $2,100. But the perks are more about getting out in the neighborhood, whether it be jogging around the Silver Lake Reservoir, the diversity of the community, and walking the dog and/or stroller along the popular Sunset Junction.

The only negative? Home buying can be extremely competitive.

CNN looked at data from neighborhoodscout.com along with city visits and talks with locals. Silver Lake joins neighborhoods like Park Slope in New York City and Pacific Beach in San Diego.