Affordable
Expensive
Expensive
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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 $624,413, higher than the Portland average of $550,902.
The average cost of rent is $1,528/mo in Brooklyn, primarily driven by the current value of real estate in the Brooklyn area. In Brooklyn, 58.30% of households rent, and 19.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Brooklyn is $9,732 per month. Households that rent pay about 15.70% of their income on rent here. Brooklyn’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Hosford-Abernethy, Portland, OR: higher priced homes
- Reed, Portland, OR: higher priced homes
- Corbett-Terwilliger-Lair Hill, Portland, OR: equally priced homes
- Creston-Kenilworth, Portland, OR: equally priced homes
- Buckman, Portland, OR: higher priced homes
- Richmond, Portland, OR: higher priced homes
- Sellwood-Moreland, Portland, OR: higher priced homes
- Homestead, Portland, OR: higher priced homes
- Eastmoreland, Portland, OR: higher priced homes
- University District, Portland, OR: less expensive homes
Neighborhoods with Similar Populations
- Rosedale, Camden, NJ: less expensive homes
- Gold Coast, Richland, WA: less expensive homes
- Read Blvd West, New Orleans, LA: less expensive homes
- Friends of Friedrich Wilderness Park, San Antonio, TX: equally priced homes
- Residence Park, Dayton, OH: less expensive homes
- Ridgewood, Madison, WI: less expensive homes
- Forest Glen, Silver Spring, MD: equally priced homes
- Riviera Bay, St. Petersburg, FL: less expensive homes
- Rockridge, Oakland, CA: higher priced homes
- Far North Dallas-Roanoke, Roanoke, TX: less expensive homes
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