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These days, finding an affordable place to live in the Ocean Hill area can be challenging. Home prices in Ocean Hill are now at a median cost of $825,053, lower than the Brooklyn average of $1,035,152.
The average cost of rent is $1,622/mo in Ocean Hill, primarily driven by the current value of real estate in the Ocean Hill area. In Ocean Hill, 77.88% of households rent, and 45.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ocean Hill is $5,409 per month. Households that rent pay about 30.00% of their income on rent here. Ocean Hill’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern 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: equally priced homes
- Bedford-Stuyvesant, Brooklyn, NY: higher priced homes
- Bushwick, Brooklyn, NY: higher priced homes
- Brownsville, Brooklyn, NY: less expensive homes
- Crown Heights, Brooklyn, NY: higher priced homes
- East Flatbush, Brooklyn, NY: equally priced homes
- East Brooklyn, Brooklyn, NY: less expensive homes
- Ridgewood, Queens, NY: higher priced homes
- Glendale, Queens, NY: equally priced homes
- Clinton Hill, Brooklyn, NY: higher priced homes
Neighborhoods with Similar Populations
- Highlands-Perkins, Baton Rouge, LA: less expensive homes
- University, Columbus, OH: less expensive homes
- University District, Seattle, WA: higher priced homes
- university, Orlando, FL: less expensive homes
- Uptown, Chicago, IL: less expensive homes
- Medical, Houston, TX: less expensive homes
- Middle Village, Queens, NY: higher priced homes
- Seaport, Stockton, CA: less expensive homes
- Southwest Ada, Boise, ID: less expensive homes
- Southside, Lansing, MI: less expensive homes
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