Brooklyn housing affordability
Buying the average Brooklyn home costs $3,205 more a month than in 2019
Affordability is the question in every big city right now, so here is what buying in Brooklyn costs each month, neighborhood by neighborhood. The average sale rose from $1,105,655 to $1,447,843, and the mortgage rate went from 3.94% to 6.60%.
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Park Slope
+$6,033 a month
Monthly mortgage payment $7,730 in 2019, $13,763 in 2025
See Park SlopeRise in the monthly mortgage payment, 2019 to 2025
- More than $3,800
- $2,300 to $3,800
- $1,600 to $2,300
- Less than $1,600
- Parks, cemeteries and too few sales
Rose most and least
Brooklyn Heights +$9,051 · Fort Greene +$6,844
Canarsie +$53 · Brownsville +$204
- Brooklyn Heights$11,086 → $20,137 a month+$9,051
- Fort Greene$6,671 → $13,515 a month+$6,844
- Mapleton-Midwood (West)$5,427 → $11,731 a month+$6,304
- Park Slope$7,730 → $13,763 a month+$6,033
- Downtown Brooklyn-DUMBO-Boerum Hill$5,348 → $10,745 a month+$5,397
- Gravesend (East)-Homecrest$4,958 → $10,343 a month+$5,385
- Crown Heights (South)$3,632 → $8,800 a month+$5,168
- Prospect Heights$6,070 → $11,198 a month+$5,128
That’s the Brooklyn average; now look up the home you want.
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Create a free accountA model-generated estimate and analytical context, not investment advice. The estimated value comes from an automated valuation model (AVM). An AVM is an estimated sale price for a property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.
Brooklyn affordability by neighborhood, A to Z
- Bath Beach+$1,572
- Bay Ridge+$2,638
- Bedford-Stuyvesant (East)+$2,264
- Bedford-Stuyvesant (West)+$3,869
- Bensonhurst+$2,857
- Borough Park+$4,947
- Brighton Beach+$1,424
- Brooklyn Heights+$9,051
- Brownsville+$204
- Bushwick (East)+$2,888
- Bushwick (West)+$3,516
- Canarsie+$53
- Carroll Gardens-Cobble Hill-Gowanus-Red Hook+$3,785
- Clinton Hill+$3,356
- Coney Island-Sea Gate+$967
- Crown Heights (North)+$3,247
- Crown Heights (South)+$5,168
- Cypress Hills+$1,903
- Downtown Brooklyn-DUMBO-Boerum Hill+$5,397
- Dyker Heights+$1,996
- East Flatbush-Erasmus+$1,469
- East Flatbush-Farragut+$1,433
- East Flatbush-Remsen Village+$1,422
- East Flatbush-Rugby+$1,352
- East New York (North)+$1,604
- East New York-City Line+$2,067
- East New York-New Lots+$1,563
- East Williamsburg+$3,404
- Flatbush+$2,046
- Flatbush (West)-Ditmas Park-Parkville+$3,821
- Flatlands+$1,385
- Fort Greene+$6,844
- Gravesend (East)-Homecrest+$5,385
- Gravesend (South)+$1,405
- Gravesend (West)+$1,813
- Greenpoint+$3,714
- Kensington+$975
- Madison+$1,924
- Mapleton-Midwood (West)+$6,304
- Marine Park-Mill Basin-Bergen Beach+$1,981
- Midwood+$3,260
- Ocean Hill+$2,106
- Park Slope+$6,033
- Prospect Heights+$5,128
- Prospect Lefferts Gardens-Wingate+$2,479
- Sheepshead Bay-Manhattan Beach-Gerritsen Beach+$1,830
- South Williamsburg+$4,602
- Sunset Park (Central)+$2,331
- Sunset Park (East)-Borough Park (West)+$1,500
- Sunset Park (West)+$2,844
- Williamsburg+$4,055
- Windsor Terrace-South Slope+$3,044
Questions about Brooklyn affordability
How much does it cost to buy a home in Brooklyn?
The average Brooklyn home sold for $1,447,843 in 2025. With 20% down, $289,569, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $7,397 before taxes and insurance.
Is Brooklyn still affordable?
That depends on your income, your savings and the neighborhood. The monthly mortgage payment on the average Brooklyn home went from $4,192 in 2019 to $7,397 in 2025. Across Brooklyn’s 52 neighborhoods, the rise ran from $53 in Canarsie to $9,051 in Brooklyn Heights.
What income do you need to buy in Brooklyn?
About $296,000 a year for the average Brooklyn home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $168,000 in 2019. Lenders apply their own tests, and taxes and insurance come on top of the payment.
How much has the monthly mortgage payment in Brooklyn changed since 2019?
The monthly mortgage payment on the average Brooklyn home rose $3,205, from $4,192 in 2019 to $7,397 in 2025. Higher prices added $1,523, and the higher mortgage rate, 3.94% to 6.60%, added $1,682.
Where in Brooklyn did the payment rise least?
Across Brooklyn’s 52 neighborhoods, it rose least in Canarsie, $53 a month, and in Brownsville, $204. The map and list show the available area figures.
What does the full cost to own a home add?
Property tax, insurance, HOA dues and upkeep come on top of the monthly mortgage payment shown here. A free account’s Cost to Own adds them up for a specific home, and three homes a month are free.
Monthly mortgage payment is principal and interest on the average sale with 20% down and a 30-year fixed loan, at each year’s average Freddie Mac rate (3.94% in 2019, 6.60% in 2025); taxes and insurance are not included. Sales: NYC Department of Finance.