The Most Affordable Neighborhoods in Brooklyn, IL by Home Value

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 $37,487, lower than the Illinois average of $300,242.

The average cost of rent is $895/mo in Brooklyn, primarily driven by the current value of real estate in the Brooklyn area. In Brooklyn, 57.17% of households rent, and 67.55% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Brooklyn is $2,526 per month. Households that rent pay about 35.41% 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.

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