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These days, finding an affordable place to live in the East Brooklyn area can be challenging. Home prices in East Brooklyn are now at a median cost of $671,037, lower than the Brooklyn average of $1,035,152.
The average cost of rent is $1,640/mo in East Brooklyn, primarily driven by the current value of real estate in the East Brooklyn area. In East Brooklyn, 74.20% of households rent, and 39.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Brooklyn is $5,726 per month. Households that rent pay about 28.63% of their income on rent here. East Brooklyn’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Broadway Junction, Brooklyn, NY: higher priced homes
- Ozone Park, Queens, NY: higher priced homes
- Woodhaven, Queens, NY: equally priced homes
- Howard Beach, Queens, NY: equally priced homes
- Ocean Hill, Brooklyn, NY: higher priced homes
- Brownsville, Brooklyn, NY: less expensive homes
- Glendale, Queens, NY: higher priced homes
- Bushwick, Brooklyn, NY: higher priced homes
- Canarsie, Brooklyn, NY: higher priced homes
- Ridgewood, Queens, NY: higher priced homes
Neighborhoods with Similar Populations
- North Last Vegas, North Las Vegas, NV: less expensive homes
- Paradise, Las Vegas, NV: less expensive homes
- South Los Angeles, Los Angeles, CA: equally priced homes
- Camelback East, Phoenix, AZ: equally priced homes
- Harlem, Manhattan, NY: higher priced homes
- East San Jose, San Jose, CA: higher priced homes
- Southeast Dallas, Dallas, TX: less expensive homes
- Corona, Queens, NY: higher priced homes
- Southeastern Denver, Denver, CO: less expensive homes
- Jackson Heights-ny, Queens, NY: equally priced homes
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