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These days, finding an affordable place to live in the Williamsburg area can be challenging. Home prices in Williamsburg are now at a median cost of $1,173,311, higher than the Brooklyn average of $1,035,152.
The average cost of rent is $2,179/mo in Williamsburg, primarily driven by the current value of real estate in the Williamsburg area. In Williamsburg, 84.64% of households rent, and 50.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Williamsburg is $7,895 per month. Households that rent pay about 27.60% of their income on rent here. Williamsburg’s most expensive areas are in the northwestern 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
- Greenpoint, Brooklyn, NY: higher priced homes
- Clinton Hill, Brooklyn, NY: equally priced homes
- Dumbo, Brooklyn, NY: higher priced homes
- Fort Green, Brooklyn, NY: equally priced homes
- Lower East Side, Manhattan, NY: less expensive homes
- Bedford-Stuyvesant, Brooklyn, NY: equally priced homes
- Downtown Brooklyn, Brooklyn, NY: less expensive homes
- East Village, Manhattan, NY: less expensive homes
- Bushwick, Brooklyn, NY: less expensive homes
- Brooklyn Heights, Brooklyn, NY: higher priced homes
Neighborhoods with Similar Populations
- Harlem, Manhattan, NY: less expensive homes
- Northeast, Mesa, AZ: less expensive homes
- Northeast, El Paso, TX: less expensive homes
- Northeast Dallas-White Rock, Dallas, TX: less expensive homes
- North Valley, San Jose, CA: less expensive homes
- North Scottsdale, Scottsdale, AZ: less expensive homes
- North, Raleigh, NC: less expensive homes
- North Mountain, Phoenix, AZ: less expensive homes
- North Long Beach, Long Beach, CA: less expensive homes
- North, Houston, TX: less expensive homes
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