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Affordable
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These days, finding an affordable place to live in the Brightwaters area can be challenging. Home prices in Brightwaters are now at a median cost of $834,136, higher than the New York average of $610,895.
The average cost of rent is $1,719/mo in Brightwaters, primarily driven by the current value of real estate in the Brightwaters area. In Brightwaters, 3.61% of households rent, and 23.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Brightwaters is $17,707 per month. Households that rent pay about 9.71% of their income on rent here. Brightwaters’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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