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Gravesend (East)-Homecrest home prices and affordability, 2019 to 2025

The average Gravesend (East)-Homecrest sale went from $1,307,557 in 2019 to $2,024,443 in 2025, and with higher mortgage rates, buying the average home there now takes $5,385 more a month.

Home prices, 2019 to 2025+45%Our own index, low confidence · Brooklyn +22%
Average sale, 2025$2,024,443was $1,307,557 in 2019
Monthly mortgage payment$10,343was $4,958 in 2019
Income to keep it under 30%$414,000was $198,000 in 2019

How prices moved

The average sale rose about 55%

The average Gravesend (East)-Homecrest sale went from $1,307,557 in 2019 to $2,024,443 in 2025, a rise of about 55%. The average Brooklyn sale rose about 31% over the same years.

Our own index puts the change at about 45%, against 22% for Brooklyn as a whole, and we rate it low confidence, so treat it as a rough direction.

See Brooklyn home prices by neighborhood
Gravesend (East)-Homecrest+45%
Brooklyn+22%
0%Our own index50%
Low confidence

What it costs to buy now

$5,385 more a month than in 2019

With 20% down on the average sale, the monthly mortgage payment went from $4,958 in 2019 to $10,343 in 2025. About half the rise, $3,190, came from higher prices and $2,195 from the higher mortgage rate, 6.60% against 3.94%.

The 20% down payment grew from $261,511 to $404,889.

2019
$4,958
2025
$10,343
From higher prices $3,190From the higher rate $2,195

Compare the neighborhoods next door

  • Gravesend (East)-Homecrestlow confidence

    Prices since 2019
    +45%
    Payment in 2025
    $10,343
    Rise a month
    +$5,385

  • Gravesend (South)

    Prices since 2019
    +14%
    Payment in 2025
    $4,481
    Rise a month
    +$1,405

  • Madison

    Prices since 2019
    +27%
    Payment in 2025
    $5,280
    Rise a month
    +$1,924

  • Gravesend (West)too few sales for our own index

    Prices since 2019
    —
    Payment in 2025
    $5,474
    Rise a month
    +$1,813
All Brooklyn neighborhoods

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What would Gravesend (East)-Homecrest cost you?

Change the down payment and rate to see the monthly mortgage payment on the average Gravesend (East)-Homecrest home.

Your monthly mortgage payment in Gravesend (East)-Homecrest$10,343$2,843 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 Gravesend (East)-Homecrest

How much have Gravesend (East)-Homecrest home prices changed since 2019?

On our own index, Gravesend (East)-Homecrest home prices rose about 45% from 2019 to 2025, against about 22% for Brooklyn as a whole. We rate the figure low confidence, so treat it as a rough direction. The average sale went from $1,307,557 to $2,024,443.

How much does it cost to buy a home in Gravesend (East)-Homecrest?

The average Gravesend (East)-Homecrest home sold for $2,024,443 in 2025. With 20% down, $404,889, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $10,343 before taxes and insurance.

What income do you need to buy in Gravesend (East)-Homecrest?

About $414,000 a year for the average Gravesend (East)-Homecrest home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $198,000 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 Gravesend (East)-Homecrest changed since 2019?

The monthly mortgage payment on the average Gravesend (East)-Homecrest home rose $5,385, from $4,958 in 2019 to $10,343 in 2025. Higher prices added $3,190, and the higher mortgage rate, 3.94% to 6.60%, added $2,195.

How does Gravesend (East)-Homecrest compare with Brooklyn?

The monthly mortgage payment on the average Gravesend (East)-Homecrest home was $10,343 in 2025, higher than the $7,397 on the average Brooklyn home. Since 2019 it rose $5,385, 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.