This exploratory study addresses the value of subjective and objective indicators of neighborhood quality-of-life. Both types of indicators are found to be significantly correlated with resident evaluations of overall neighborhood quality. Subjective indicators of neighborhood conditions are more highly correlated to overall neighborhood quality (also subjective), than are objective indicators of neighborhood conditions. Various explanations have been offered to explain why there may be incongruence between the objective and subjective methods of examining the quality of neighborhood life. It is suggested that both types of indicators have value for decision makers.