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These days, finding an affordable place to live in the Park Slope area can be challenging. Home prices in Park Slope are now at a median cost of $1,616,229, higher than the Brooklyn average of $1,035,152.
The average cost of rent is $2,906/mo in Park Slope, primarily driven by the current value of real estate in the Park Slope area. In Park Slope, 55.30% of households rent, and 35.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park Slope is $15,487 per month. Households that rent pay about 18.76% of their income on rent here. Park Slope’s most expensive areas are in the eastern 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.
Nearby Neighborhoods
- Greenwood, Brooklyn, NY: less expensive homes
- Carroll Gardens, Brooklyn, NY: equally priced homes
- Boerum Hill, Brooklyn, NY: equally priced homes
- Fort Green, Brooklyn, NY: less expensive homes
- Red Hook, Brooklyn, NY: equally priced homes
- Prospect Lefferts Gardens, Brooklyn, NY: less expensive homes
- Cobble Hill, Brooklyn, NY: equally priced homes
- Columbia Street Waterfront District, Brooklyn, NY: equally priced homes
- Crown Heights, Brooklyn, NY: less expensive homes
- Downtown Brooklyn, Brooklyn, NY: less expensive homes
Neighborhoods with Similar Populations
- Allston-Brighton, Brighton, MA: less expensive homes
- White Haven-Coro Lake, Memphis, TN: less expensive homes
- West Torrance, Torrance, CA: less expensive homes
- Soundview, Bronx, NY: less expensive homes
- Ridgewood, Queens, NY: less expensive homes
- Parkchester, Bronx, NY: less expensive homes
- Northwest, Virginia Beach, VA: less expensive homes
- Northwest, Columbus, OH: less expensive homes
- Highbridge, Bronx, NY: less expensive homes
- Greater Heights, Houston, TX: less expensive homes
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