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These days, finding an affordable place to live in the Brooklyn area can be challenging. Home prices in Brooklyn are now at a median cost of $206,525, lower than the Iowa average of $226,062.
The average cost of rent is $881/mo in Brooklyn, primarily driven by the current value of real estate in the Brooklyn area. In Brooklyn, 23.13% of households rent, and 45.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Brooklyn is $6,119 per month. Households that rent pay about 14.40% of their income on rent here. Brooklyn’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Malcom, IA: less expensive homes
- Hartwick, IA: higher priced homes
- Victor, IA: less expensive homes
- Guernsey, IA: less expensive homes
- Sheridan, IA: higher priced homes
- Chelsea, IA: less expensive homes
- Montezuma, IA: equally priced homes
- Koszta, IA: higher priced homes
- Deep River, IA: less expensive homes
- Ladora, IA: less expensive homes
Cities with Similar Populations
- Readyville, TN: higher priced homes
- Hartington, NE: equally priced homes
- Jal, NM: less expensive homes
- Keego Harbor, MI: higher priced homes
- Keuka Park, NY: higher priced homes
- Kremmling, CO: higher priced homes
- Manson, IA: equally priced homes
- Millican, TX: higher priced homes
- Monteagle, TN: higher priced homes
- Monticello, UT: higher priced homes
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