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These days, finding an affordable place to live in the Dumbo area can be challenging. Home prices in Dumbo are now at a median cost of $1,312,056, higher than the Brooklyn average of $1,035,152.
The average cost of rent is $3,023/mo in Dumbo, primarily driven by the current value of real estate in the Dumbo area. In Dumbo, 58.22% of households rent, and 44.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Dumbo is $15,938 per month. Households that rent pay about 18.97% of their income on rent here. Dumbo’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Brooklyn Heights, Brooklyn, NY: equally priced homes
- Downtown Brooklyn, Brooklyn, NY: less expensive homes
- Lower East Side, Manhattan, NY: less expensive homes
- Cobble Hill, Brooklyn, NY: higher priced homes
- Boerum Hill, Brooklyn, NY: higher priced homes
- Chinatown, Manhattan, NY: less expensive homes
- Financial District, Manhattan, NY: equally priced homes
- Columbia Street Waterfront District, Brooklyn, NY: higher priced homes
- Little Italy, Manhattan, NY: higher priced homes
- Clinton Hill, Brooklyn, NY: less expensive homes
Neighborhoods with Similar Populations
- Family Acres, Lincoln, NE: less expensive homes
- River Mountain, Little Rock, AR: less expensive homes
- Egger Highlands, San Diego, CA: less expensive homes
- South Redlands, Redlands, CA: less expensive homes
- Sky Line, San Diego, CA: less expensive homes
- Congress Heights, Washington, DC: less expensive homes
- Baldwin Park, Orlando, FL: less expensive homes
- Jenkins-Pinecroft, Shreveport, LA: less expensive homes
- Martin Luther King, Austin, TX: less expensive homes
- St. Francis, Daly City, CA: equally priced homes
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