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These days, finding an affordable place to live in the Coney Island area can be challenging. Home prices in Coney Island are now at a median cost of $868,919, lower than the Brooklyn average of $1,035,152.
The average cost of rent is $1,155/mo in Coney Island, primarily driven by the current value of real estate in the Coney Island area. In Coney Island, 74.97% of households rent, and 57.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Coney Island is $4,154 per month. Households that rent pay about 27.80% of their income on rent here. Coney Island’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Brighton Beach, Brooklyn, NY: less expensive homes
- Gravesend-Sheepshead Bay, Brooklyn, NY: equally priced homes
- Manhattan Beach, Brooklyn, NY: higher priced homes
- Sheepshead Bay, Brooklyn, NY: equally priced homes
- Bensonhurst, Brooklyn, NY: higher priced homes
- Dyker Heights, Brooklyn, NY: higher priced homes
- Mapleton-Flatlands, Brooklyn, NY: equally priced homes
- Breezy Point, Queens, NY: less expensive homes
- Borough Park, Brooklyn, NY: higher priced homes
- Bay Ridge-Fort Hamilton, Brooklyn, NY: higher priced homes
Neighborhoods with Similar Populations
- North Laurel, Scaggsville, MD: less expensive homes
- Westgate, Henderson, NV: less expensive homes
- Brighton Beach, Brooklyn, NY: less expensive homes
- Cal Young, Eugene, OR: less expensive homes
- Clearview, Queens, NY: equally priced homes
- Las Tierras, El Paso, TX: less expensive homes
- Valley Ranch, Irving, TX: less expensive homes
- Meadowview, Sacramento, CA: less expensive homes
- Model City, Miami, FL: less expensive homes
- Mountain's Edge, Las Vegas, NV: less expensive homes
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