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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 $380,502, lower than the Washington average of $621,115.
The average cost of rent is $1,079/mo in Brooklyn, primarily driven by the current value of real estate in the Brooklyn area. In Brooklyn, 19.72% of households rent, and 45.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Brooklyn is $6,504 per month. Households that rent pay about 16.59% of their income on rent here. Brooklyn’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Vesta, WA: higher priced homes
- Oakville, WA: equally priced homes
- Doty, WA: higher priced homes
- Dryad, WA: higher priced homes
- South Elma, WA: higher priced homes
- Porter, WA: higher priced homes
- Malone, WA: higher priced homes
- Raymond, WA: less expensive homes
- Willapa, WA: less expensive homes
- Pe Ell, WA: less expensive homes
Cities with Similar Populations
- Arnold, KS: less expensive homes
- Blair, WV: less expensive homes
- Canoochee, GA: less expensive homes
- Hollis, AR: less expensive homes
- Carntown, KY: less expensive homes
- Tar Hill, KY: less expensive homes
- Carson Lake, AR: less expensive homes
- Ballengee, WV: less expensive homes
- Shanagolden, WI: less expensive homes
- Wallagrass, ME: less expensive homes
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