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Bay Ridge home prices and affordability, 2019 to 2025

Bay Ridge home prices rose about 15% from 2019 to 2025, and with higher mortgage rates, buying the average home here now takes $2,638 more a month.

Home prices, 2019 to 2025+15%Our own index · Brooklyn +22%
Average sale, 2025$1,340,964was $1,111,137 in 2019
Monthly mortgage payment$6,851was $4,213 in 2019
Income to keep it under 30%$274,000was $169,000 in 2019

How prices moved

Bay Ridge rose about as much as Brooklyn

On our own index, Bay Ridge home prices rose 15% from 2019 to 2025, against 22% for Brooklyn as a whole, and we rate it medium confidence.

The average sale rose by about the same, from $1,111,137 to $1,340,964. Our own index and the average sale measure different things, so in other neighborhoods they can tell different stories.

See Brooklyn home prices by neighborhood
Bay Ridge+15%
Brooklyn+22%
0%Our own index25%
Medium confidence

What it costs to buy now

$2,638 more a month than in 2019

With 20% down on the average sale, the monthly mortgage payment went from $4,213 in 2019 to $6,851 in 2025. Higher prices added $1,023, and the higher mortgage rate, 6.60% against 3.94% added $1,615.

The 20% down payment grew from $222,227 to $268,193.

2019
$4,213
2025
$6,851
From higher prices $1,023From the higher rate $1,615

Compare the neighborhoods next door

  • Bay Ridge

    Prices since 2019
    +15%
    Payment in 2025
    $6,851
    Rise a month
    +$2,638

  • Dyker Heightslow confidence

    Prices since 2019
    +45%
    Payment in 2025
    $6,156
    Rise a month
    +$1,996

  • Sunset Park (Central)low confidence

    Prices since 2019
    +28%
    Payment in 2025
    $6,435
    Rise a month
    +$2,331

  • Sunset Park (East)-Borough Park (West)low confidence

    Prices since 2019
    +51%
    Payment in 2025
    $5,739
    Rise a month
    +$1,500
All Brooklyn neighborhoods

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What would Bay Ridge cost you?

Change the down payment and rate to see the monthly mortgage payment on the average Bay Ridge home.

Your monthly mortgage payment in Bay Ridge$6,851$649 a month under your budget

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Monthly mortgage payment: principal and interest on a 30-year fixed loan on each neighborhood’s 2025 average sale; taxes and insurance not included.

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A 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.

Questions about Bay Ridge

How much have Bay Ridge home prices changed since 2019?

On our own index, Bay Ridge home prices rose about 15% from 2019 to 2025, against about 22% for Brooklyn as a whole. We rate the figure medium confidence. The average sale went from $1,111,137 to $1,340,964.

How much does it cost to buy a home in Bay Ridge?

The average Bay Ridge home sold for $1,340,964 in 2025. With 20% down, $268,193, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $6,851 before taxes and insurance.

What income do you need to buy in Bay Ridge?

About $274,000 a year for the average Bay Ridge home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $169,000 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 Bay Ridge changed since 2019?

The monthly mortgage payment on the average Bay Ridge home rose $2,638, from $4,213 in 2019 to $6,851 in 2025. Higher prices added $1,023, and the higher mortgage rate, 3.94% to 6.60%, added $1,615.

How does Bay Ridge compare with Brooklyn?

The monthly mortgage payment on the average Bay Ridge home was $6,851 in 2025, lower than the $7,397 on the average Brooklyn home. Since 2019 it rose $2,638, and Brooklyn’s rose $3,205.

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.

Home prices: our own index from NYC Department of Finance sales, 2019 to 2025. 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.