Sheepshead Bay-Manhattan Beach-Gerritsen Beach home prices and affordability, 2019 to 2025
Sheepshead Bay-Manhattan Beach-Gerritsen Beach home prices rose about 22% from 2019 to 2025, and with higher mortgage rates, buying the average home here now takes $1,830 more a month.
How prices moved
Sheepshead Bay-Manhattan Beach-Gerritsen Beach rose about as much as Brooklyn
On our own index, Sheepshead Bay-Manhattan Beach-Gerritsen Beach home prices rose 22% 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 $803,193 to $954,245. Our own index and the average sale measure different things, so in other neighborhoods they can tell different stories.
See Brooklyn home prices by neighborhoodWhat it costs to buy now
$1,830 more a month than in 2019
With 20% down on the average sale, the monthly mortgage payment went from $3,045 in 2019 to $4,875 in 2025. Higher prices added $672, and the higher mortgage rate, 6.60% against 3.94% added $1,158.
The 20% down payment grew from $160,639 to $190,849.
Compare the neighborhoods next door
Sheepshead Bay-Manhattan Beach-Gerritsen Beach
- Prices since 2019
- +22%
- Payment in 2025
- $4,875
- Rise a month
- +$1,830
- Prices since 2019
- +26%
- Payment in 2025
- $4,054
- Rise a month
- +$1,424
- Prices since 2019
- +27%
- Payment in 2025
- $5,280
- Rise a month
- +$1,924
Gravesend (East)-Homecrestlow confidence
- Prices since 2019
- +45%
- Payment in 2025
- $10,343
- Rise a month
- +$5,385
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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.
Questions about Sheepshead Bay-Manhattan Beach-Gerritsen Beach
How much have Sheepshead Bay-Manhattan Beach-Gerritsen Beach home prices changed since 2019?
On our own index, Sheepshead Bay-Manhattan Beach-Gerritsen Beach home prices rose about 22% from 2019 to 2025, against about 22% for Brooklyn as a whole. We rate the figure medium confidence. The average sale went from $803,193 to $954,245.
How much does it cost to buy a home in Sheepshead Bay-Manhattan Beach-Gerritsen Beach?
The average Sheepshead Bay-Manhattan Beach-Gerritsen Beach home sold for $954,245 in 2025. With 20% down, $190,849, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $4,875 before taxes and insurance.
What income do you need to buy in Sheepshead Bay-Manhattan Beach-Gerritsen Beach?
About $195,000 a year for the average Sheepshead Bay-Manhattan Beach-Gerritsen Beach home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $122,000 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 Sheepshead Bay-Manhattan Beach-Gerritsen Beach changed since 2019?
The monthly mortgage payment on the average Sheepshead Bay-Manhattan Beach-Gerritsen Beach home rose $1,830, from $3,045 in 2019 to $4,875 in 2025. Higher prices added $672, and the higher mortgage rate, 3.94% to 6.60%, added $1,158.
How does Sheepshead Bay-Manhattan Beach-Gerritsen Beach compare with Brooklyn?
The monthly mortgage payment on the average Sheepshead Bay-Manhattan Beach-Gerritsen Beach home was $4,875 in 2025, lower than the $7,397 on the average Brooklyn home. Since 2019 it rose $1,830, 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.