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Gravesend (South) home prices and affordability, 2019 to 2025

Gravesend (South) home prices rose about 14% from 2019 to 2025, and with higher mortgage rates, buying the average home here now takes $1,405 more a month.

Home prices, 2019 to 2025+14%Our own index · Brooklyn +22%
Average sale, 2025$876,980was $811,363 in 2019
Monthly mortgage payment$4,481was $3,076 in 2019
Income to keep it under 30%$179,000was $123,000 in 2019

How prices moved

Gravesend (South) rose about as much as Brooklyn

On our own index, Gravesend (South) home prices rose 14% 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 $811,363 to $876,980. 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
Gravesend (South)+14%
Brooklyn+22%
0%Our own index25%
Medium confidence

What it costs to buy now

$1,405 more a month than in 2019

With 20% down on the average sale, the monthly mortgage payment went from $3,076 in 2019 to $4,481 in 2025. Higher prices added $292, and the higher mortgage rate, 6.60% against 3.94% added $1,113.

The 20% down payment grew from $162,273 to $175,396.

2019
$3,076
2025
$4,481
From higher prices $292From the higher rate $1,113

Compare the neighborhoods next door

  • Gravesend (South)

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

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

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

  • Coney Island-Sea Gatetoo few sales for our own index

    Prices since 2019
    —
    Payment in 2025
    $3,439
    Rise a month
    +$967

  • Gravesend (East)-Homecrestlow confidence

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

Your number

What would Gravesend (South) cost you?

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

Your monthly mortgage payment in Gravesend (South)$4,481$3,019 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 Gravesend (South)

How much have Gravesend (South) home prices changed since 2019?

On our own index, Gravesend (South) home prices rose about 14% from 2019 to 2025, against about 22% for Brooklyn as a whole. We rate the figure medium confidence. The average sale went from $811,363 to $876,980.

How much does it cost to buy a home in Gravesend (South)?

The average Gravesend (South) home sold for $876,980 in 2025. With 20% down, $175,396, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $4,481 before taxes and insurance.

What income do you need to buy in Gravesend (South)?

About $179,000 a year for the average Gravesend (South) home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $123,000 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 (South) changed since 2019?

The monthly mortgage payment on the average Gravesend (South) home rose $1,405, from $3,076 in 2019 to $4,481 in 2025. Higher prices added $292, and the higher mortgage rate, 3.94% to 6.60%, added $1,113.

How does Gravesend (South) compare with Brooklyn?

The monthly mortgage payment on the average Gravesend (South) home was $4,481 in 2025, lower than the $7,397 on the average Brooklyn home. Since 2019 it rose $1,405, 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.