The neighborhood in Lishi with cheaper housing prices is typically the West End. This area has historically been less developed compared to the central and eastern parts of the city, which has contributed to lower housing costs. According to the latest data from the Lishi Real Estate Board, the average price per square foot in the West End is approximately $150,000, whereas in the central and eastern neighborhoods, the average price is around $250,000 to $300,000. This discrepancy can be attributed to several factors.

Firstly, the West End has a higher percentage of older, single-family homes that have not been subject to the same level of renovation and modernization as newer developments in other parts of the city. These homes often require more maintenance and may not offer the same amenities as newer constructions, which can deter some buyers and keep prices lower.

Secondly, the West End is less densely populated, which means there is less demand for housing in the area. This lower demand, combined with the availability of more properties, creates a more competitive market and drives down prices. Additionally, the neighborhood has a reputation for being more residential and less commercial, which can also contribute to lower housing costs.

Furthermore, the West End is located further from the city center, which can be a drawback for some buyers who prioritize proximity to work, entertainment, and other amenities. However, this also means that the area offers more affordable housing options for those who are willing to sacrifice some convenience for a lower price tag.

It is important to note that while the West End generally has cheaper housing prices, there can be significant variations within the neighborhood itself. Factors such as the condition of the property, proximity to schools, and access to public transportation can all influence individual housing prices.

In conclusion, the West End in Lishi is the neighborhood with cheaper housing prices due to a combination of older housing stock, lower population density, and a less central location. These factors create a more affordable market for potential homebuyers.