The Most Affordable Neighborhoods in Gravesend-Sheepshead Bay, Brooklyn, NY by Home Value

 

Gravesend-Sheepshead Bay, Brooklyn, NY Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gravesend-Sheepshead Bay area can be challenging. Home prices in Gravesend-Sheepshead Bay are now at a median cost of $903,107, lower than the Brooklyn average of $1,035,152.

The average cost of rent is $1,790/mo in Gravesend-Sheepshead Bay, primarily driven by the current value of real estate in the Gravesend-Sheepshead Bay area. In Gravesend-Sheepshead Bay, 56.58% of households rent, and 54.66% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gravesend-Sheepshead Bay is $6,321 per month. Households that rent pay about 28.31% of their income on rent here. Gravesend-Sheepshead Bay’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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