Affordable
Expensive
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These days, finding an affordable place to live in the Borough Park area can be challenging. Home prices in Borough Park are now at a median cost of $1,172,070, higher than the Brooklyn average of $1,035,152.
The average cost of rent is $1,848/mo in Borough Park, primarily driven by the current value of real estate in the Borough Park area. In Borough Park, 69.99% of households rent, and 49.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Borough Park is $5,884 per month. Households that rent pay about 31.41% of their income on rent here. Borough Park’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Ditmas Park, Brooklyn, NY: equally priced homes
- Sunset Park, Brooklyn, NY: equally priced homes
- Dyker Heights, Brooklyn, NY: equally priced homes
- Flatbush-Ditmas Park, Brooklyn, NY: less expensive homes
- Mapleton-Flatlands, Brooklyn, NY: less expensive homes
- Greenwood, Brooklyn, NY: equally priced homes
- Bensonhurst, Brooklyn, NY: equally priced homes
- Prospect Lefferts Gardens, Brooklyn, NY: equally priced homes
- Park Slope, Brooklyn, NY: higher priced homes
- Bay Ridge-Fort Hamilton, Brooklyn, NY: less expensive homes
Neighborhoods with Similar Populations
- North Last Vegas, North Las Vegas, NV: less expensive homes
- Southeast, Houston, TX: less expensive homes
- North Scottsdale, Scottsdale, AZ: less expensive homes
- Camelback East, Phoenix, AZ: less expensive homes
- Sunset Park, Brooklyn, NY: equally priced homes
- Spring Branch, Houston, TX: less expensive homes
- Southeast Mesa, Mesa, AZ: less expensive homes
- Southeast Los Angeles, Los Angeles, CA: less expensive homes
- Upper West Side, Manhattan, NY: higher priced homes
- Wakefield-Williamsbridge, Bronx, NY: less expensive homes
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