Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Brooklyn area can be challenging. Home prices in Downtown Brooklyn are now at a median cost of $1,078,696, higher than the Brooklyn average of $890,406.
The average cost of rent is $3,262/mo in Downtown Brooklyn, primarily driven by the current value of real estate in the Downtown Brooklyn area. While nearly 33.18% of residents own their homes outright in Downtown Brooklyn, 72.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Brooklyn is $11,836 per month. Households that rent pay about 27.56% of their income on rent here. Downtown Brooklyn's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Boerum Hill, Brooklyn, NY: higher priced homes
- Brooklyn Heights, Brooklyn, NY: higher priced homes
- Dumbo, Brooklyn, NY: higher priced homes
- Cobble Hill, Brooklyn, NY: higher priced homes
- Columbia Street Waterfront District, Brooklyn, NY: higher priced homes
- Fort Green, Brooklyn, NY: equally priced homes
- Carroll Gardens, Brooklyn, NY: higher priced homes
- Clinton Hill, Brooklyn, NY: equally priced homes
- Lower East Side, Manhattan, NY: less expensive homes
- Red Hook, Brooklyn, NY: higher priced homes
Neighborhoods with Similar Populations
- Oceanway, Jacksonville, FL: less expensive homes
- Cathedral Park, Portland, OR: less expensive homes
- Airport-Pines Road, Shreveport, LA: less expensive homes
- Cheltenham, Chicago, IL: less expensive homes
- Copperfield, Houston, TX: less expensive homes
- Highland Hills, Henderson, NV: less expensive homes
- La Sierra Acres, Riverside, CA: less expensive homes
- Yorkshire, Charlotte, NC: less expensive homes
- Airport North, Orlando, FL: less expensive homes
- University District, Portland, OR: less expensive homes
All Local Stats
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