Subgenres
Contemporary fantasies often concern places dear to their authors, are full of local color and atmosphere, and attempt to lend a sense of magic to those places, particularly when the subgenre overlaps with mythic fiction.
When the story takes place in a city, the work is often called urban fantasy.
The contemporary fantasy and low fantasy genres can overlap as both are defined as being set in the real world. There are differences, however. Low fantasies are set in the real world but not necessarily in the modern age, in which case they would not be contemporary fantasy. Contemporary fantasies are set in the real world but may also include distinct fantasy settings within it, such as the Harry Potter series, in which case they would be high rather than low fantasy.
Read more about this topic: Contemporary Fantasy