noun, の adjective
The place you live near is your neighborhood!
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own as long as you remember the rendaku on しょ making it じょ.
There is a coin laundry in the neighborhood.
Those girls over there are the neighborhood's elementary school students.
I went to get some miso from a friend in the neighborhood.
The neighbor's dog says "Woof!" towards my entrance door.