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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 $160,328, lower than the Ohio average of $236,816.
The average cost of rent is $1,086/mo in Brooklyn, primarily driven by the current value of real estate in the Brooklyn area. In Brooklyn, 40.31% of households rent, and 40.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Brooklyn is $6,178 per month. Households that rent pay about 17.58% of their income on rent here. Brooklyn’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Linndale, OH: less expensive homes
- Parma, OH: higher priced homes
- Parma Heights, OH: higher priced homes
- Brooklyn Heights, OH: higher priced homes
- Brook Park, OH: equally priced homes
- Lakewood, OH: higher priced homes
- Newburgh Heights, OH: less expensive homes
- Cleveland, OH: higher priced homes
- Cuyahoga Heights, OH: higher priced homes
- Seven Hills, OH: higher priced homes
Cities with Similar Populations
- Fort Sill, OK: equally priced homes
- Romeo, MI: higher priced homes
- Frostburg, MD: higher priced homes
- Ruckersville, VA: higher priced homes
- Russell Springs, KY: equally priced homes
- Fredonia, NY: higher priced homes
- Franklin Lakes, NJ: higher priced homes
- Sandwich, IL: higher priced homes
- Fox Lake, IL: higher priced homes
- Saucier, MS: higher priced homes
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