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These days, finding an affordable place to live in the Sheepshead Bay area can be challenging. Home prices in Sheepshead Bay are now at a median cost of $849,902, lower than the Brooklyn average of $1,035,152.
The average cost of rent is $1,804/mo in Sheepshead Bay, primarily driven by the current value of real estate in the Sheepshead Bay area. In Sheepshead Bay, 54.00% of households rent, and 57.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheepshead Bay is $6,574 per month. Households that rent pay about 27.44% of their income on rent here. Sheepshead Bay’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Gravesend-Sheepshead Bay, Brooklyn, NY: equally priced homes
- Manhattan Beach, Brooklyn, NY: higher priced homes
- Brighton Beach, Brooklyn, NY: less expensive homes
- Coney Island, Brooklyn, NY: equally priced homes
- Mapleton-Flatlands, Brooklyn, NY: equally priced homes
- Bergen Beach, Brooklyn, NY: higher priced homes
- Bensonhurst, Brooklyn, NY: higher priced homes
- Paerdegat, Brooklyn, NY: less expensive homes
- Breezy Point, Queens, NY: less expensive homes
- Ditmas Park, Brooklyn, NY: higher priced homes
Neighborhoods with Similar Populations
- West Columbus Interim, Hilliard, OH: less expensive homes
- Gramercy, Manhattan, NY: higher priced homes
- Greater Hilltop, Columbus, OH: less expensive homes
- Greenpoint, Brooklyn, NY: higher priced homes
- Greenville, Jersey City, NJ: less expensive homes
- Hamilton Heights, Manhattan, NY: less expensive homes
- Humboldt Park, Chicago, IL: less expensive homes
- Lake Highlands, Dallas, TX: less expensive homes
- Meyerland, Houston, TX: less expensive homes
- The Heights, Jersey City, NJ: less expensive homes
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