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Carroll Gardens-Cobble Hill-Gowanus-Red Hook home prices and affordability, 2019 to 2025

Carroll Gardens-Cobble Hill-Gowanus-Red Hook home prices rose about 12% from 2019 to 2025, and with higher mortgage rates, buying the average home here now takes $3,785 more a month.

Home prices, 2019 to 2025+12%Our own index · Brooklyn +22%
Average sale, 2025$2,279,427was $2,073,326 in 2019
Monthly mortgage payment$11,646was $7,861 in 2019
Income to keep it under 30%$466,000was $314,000 in 2019

How prices moved

Carroll Gardens-Cobble Hill-Gowanus-Red Hook rose about as much as Brooklyn

On our own index, Carroll Gardens-Cobble Hill-Gowanus-Red Hook home prices rose 12% 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 $2,073,326 to $2,279,427. 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
Carroll Gardens-Cobble Hill-Gowanus-Red Hook+12%
Brooklyn+22%
0%Our own index25%
Medium confidence

What it costs to buy now

$3,785 more a month than in 2019

With 20% down on the average sale, the monthly mortgage payment went from $7,861 in 2019 to $11,646 in 2025. Higher prices added $917, and the higher mortgage rate, 6.60% against 3.94% added $2,868.

The 20% down payment grew from $414,665 to $455,885.

2019
$7,861
2025
$11,646
From higher prices $917From the higher rate $2,868

Compare the neighborhoods next door

  • Carroll Gardens-Cobble Hill-Gowanus-Red Hook

    Prices since 2019
    +12%
    Payment in 2025
    $11,646
    Rise a month
    +$3,785

  • Park Slope

    Prices since 2019
    +32%
    Payment in 2025
    $13,763
    Rise a month
    +$6,033

  • Brooklyn Heights

    Prices since 2019
    +23%
    Payment in 2025
    $20,137
    Rise a month
    +$9,051

  • Downtown Brooklyn-DUMBO-Boerum Hill

    Prices since 2019
    +12%
    Payment in 2025
    $10,745
    Rise a month
    +$5,397
All Brooklyn neighborhoods

Your number

What would Carroll Gardens-Cobble Hill-Gowanus-Red Hook cost you?

Change the down payment and rate to see the monthly mortgage payment on the average Carroll Gardens-Cobble Hill-Gowanus-Red Hook home.

Your monthly mortgage payment in Carroll Gardens-Cobble Hill-Gowanus-Red Hook$11,646$4,146 a month over 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 Carroll Gardens-Cobble Hill-Gowanus-Red Hook

How much have Carroll Gardens-Cobble Hill-Gowanus-Red Hook home prices changed since 2019?

On our own index, Carroll Gardens-Cobble Hill-Gowanus-Red Hook home prices rose about 12% from 2019 to 2025, against about 22% for Brooklyn as a whole. We rate the figure medium confidence. The average sale went from $2,073,326 to $2,279,427.

How much does it cost to buy a home in Carroll Gardens-Cobble Hill-Gowanus-Red Hook?

The average Carroll Gardens-Cobble Hill-Gowanus-Red Hook home sold for $2,279,427 in 2025. With 20% down, $455,885, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $11,646 before taxes and insurance.

What income do you need to buy in Carroll Gardens-Cobble Hill-Gowanus-Red Hook?

About $466,000 a year for the average Carroll Gardens-Cobble Hill-Gowanus-Red Hook home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $314,000 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 Carroll Gardens-Cobble Hill-Gowanus-Red Hook changed since 2019?

The monthly mortgage payment on the average Carroll Gardens-Cobble Hill-Gowanus-Red Hook home rose $3,785, from $7,861 in 2019 to $11,646 in 2025. Higher prices added $917, and the higher mortgage rate, 3.94% to 6.60%, added $2,868.

How does Carroll Gardens-Cobble Hill-Gowanus-Red Hook compare with Brooklyn?

The monthly mortgage payment on the average Carroll Gardens-Cobble Hill-Gowanus-Red Hook home was $11,646 in 2025, higher than the $7,397 on the average Brooklyn home. Since 2019 it rose $3,785, 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.