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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 $309,854, lower than the Connecticut average of $418,901.
The average cost of rent is $1,104/mo in East Brooklyn, primarily driven by the current value of real estate in the East Brooklyn area. In East Brooklyn, 21.20% of households rent, and 21.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Brooklyn is $6,053 per month. Households that rent pay about 18.25% of their income on rent here. East Brooklyn’s most expensive areas are in the southern 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.
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