Longman Dictionary of Contemporary English homepage

neighbourhood

noun
     
neigh‧bour‧hood British English ; neighborhood American English [countable]
1 an area of a town or city:
She grew up in a quiet neighborhood of Boston.
The hotel is situated in a peaceful residential neighbourhood (=area where there are houses rather than factories or shops).
a neighbourhood school
2

the neighbourhood

the area around you or around a particular place, or the people who live there:
Be quiet! You'll wake up the whole neighbourhood!
in the neighbourhood
Is there a good Chinese restaurant in the neighborhood?
3

(something) in the neighbourhood of £500/30% etc

a little more or a little less than a particular number or amount [= approximately]:
The painting is worth something in the neighborhood of $3000.

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