Brooklyn, NY

Everything you need to know about living in Brooklyn and its real estate market.

Brooklyn, NY

Everything you need to know about living in Brooklyn and its real estate market.

Brooklyn, NY

Everything you need to know about living in Brooklyn and its real estate market.

Brooklyn, New York & Real Estate

About Brooklyn

Brooklyn, New York, a borough rich in history and cultural diversity, has transformed from a 17th-century Dutch settlement into a vibrant urban center. This transformation is evident in its eclectic neighborhoods, from the historic elegance of Brooklyn Heights to the artistic vibrancy of Bushwick. Brooklyn’s diverse cultural fabric is woven from the threads of countless immigrant communities, contributing to a dynamic and innovative economy. Industries ranging from technology to artisanal food production thrive here, supported by a blend of old-world charm and modern innovation.

The recent years have seen Brooklyn experiencing significant growth, drawing new residents with its unique combination of cultural richness, economic opportunities, and high quality of life. The borough’s educational institutions, including renowned colleges and vibrant primary schools, contribute to its appeal, making it an attractive place for families and young professionals alike. With ongoing development projects revitalizing its waterfronts and industrial zones, Brooklyn continues to evolve, offering promising prospects for real estate and business, and cementing its status as a quintessential part of the New York City experience.

Brooklyn Real Estate Market Stats

Last update: July 1st, 2024

  • Homes Listed: 4,552 homes (-6.0%)

  • Average DOM: 116 days (+7.4%)

  • Average Price per Sqft: $690

  • Median List Price: $995,000 (-10%)

  • Average Sold Price: $974,500 (+1.6% YoY)

  • Sold Last 30 Days: 46 homes (-11%)

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Considering selling your home or moving to Brooklyn, NY? Schedule a 1-on-1 consultation to see if it is the right for you.

Considering selling your home or moving to Brooklyn, NY? Schedule a 1-on-1 consultation to see if it is the right for you.

History & Culture of Brooklyn

Brooklyn, New York, is a tapestry of rich history and diverse cultures, making it one of the most dynamic boroughs of New York City. Its roots extend back to the 17th century when it was first settled by the Dutch, laying the groundwork for a region that would become a mosaic of immigrant stories. The borough’s evolution from a collection of small towns and villages to a bustling urban area is a testament to its ability to adapt and grow through the centuries. Historical landmarks, such as the Brooklyn Bridge and Coney Island, serve as reminders of Brooklyn’s pivotal role in New York City’s development.

The cultural landscape of Brooklyn today is a reflection of its complex history, showcasing an incredible diversity that encompasses a wide range of ethnicities, traditions, and artistic expressions. Iconic institutions like the Brooklyn Museum and the Brooklyn Academy of Music, along with numerous galleries and performance spaces, highlight the borough’s commitment to cultural richness and artistic innovation. Brooklyn’s neighborhoods, each with its own unique identity, offer an eclectic mix of culinary experiences, music, and art, rooted in the traditions of communities from around the world. This blend of historical significance and cultural vibrancy invites residents and visitors alike to explore and appreciate the unique heritage that Brooklyn offers, creating an immersive experience that connects the past with the present in an ever-evolving narrative.

Brooklyn Climate

Brooklyn, New York, offers a distinct and dynamic climate that shapes the everyday life of its residents. Featuring warm summers and cold winters, Brooklyn provides a seasonal experience that caters to a variety of outdoor and cultural activities. The borough’s climate, with its clear seasonal changes, allows residents and visitors to enjoy everything from sunny, vibrant street fairs and outdoor concerts in the summer to cozy, snow-lit walks through its many parks in the winter. Brooklyn’s weather encourages an active lifestyle year-round, from picnics in Prospect Park during the spring to ice skating at the LeFrak Center at Lakeside come winter. This variety ensures that Brooklyn is not just a place to live but a place to experience life in all its seasonal glory.

Brooklyn of Living

Brooklyn, New York, receives a BestPlaces Cost of Living index of 172.5, indicating that the overall cost of housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses is 72.5% higher than the national average and 42% higher than New York average. This figure highlights Brooklyn’s position as one of the more expensive areas to live in the United States, with housing costs significantly above the average, reflecting the borough’s popularity and the high demand for its diverse and vibrant neighborhoods. Despite the higher cost of living, many find the unique cultural, culinary, and artistic experiences that Brooklyn offers to be well worth the expense, contributing to its reputation as a desirable place to live.

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Brooklyn Avg. Commute Time

In Brooklyn, NY, residents face an average commute of 40 minutes, predominantly relying on the borough’s comprehensive public transportation network, which includes subways and buses, to navigate their daily journeys. This reliance on public transit is reflected in the lower rates of car ownership in Brooklyn, underscoring the urban area’s preference for alternatives to driving. The extensive public transportation options, combined with pedestrian-friendly streets and bike lanes, make commuting without a car not only possible but often more convenient, highlighting Brooklyn’s adaptability and commitment to accessible urban living.

Brooklyn Schools

Brooklyn, New York, boasts a vibrant and diverse educational system, anchored by the New York City Department of Education, the largest school district in the United States. Serving a vast array of neighborhoods, Brooklyn’s educational offerings include a wide variety of public, charter, and private schools, catering to the needs and interests of a diverse student population. With hundreds of schools across the borough, students have access to an extensive range of educational programs, from STEM to the arts, bilingual education, and specialized high schools focusing on various academic and creative pursuits. This rich educational landscape is a testament to Brooklyn’s commitment to academic excellence and cultural inclusivity, providing a nurturing environment where students from all backgrounds can thrive and achieve their full potential.

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Things to Do in Brooklyn

  • Brooklyn Bridge

  • Brooklyn Botanic Garden

  • Brooklyn Museum

  • Prospect Park

  • Coney Island

  • Brooklyn Heights Promenade

  • Brooklyn Flea Market

  • Brooklyn Academy of Music (BAM)

  • New York Aquarium

  • Brooklyn Children’s Museum

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Brooklyn, New York Report Card offers insightful perspectives on the quality of life in Brooklyn, New York. According to their evaluations, Brooklyn boasts an impressive Overall Niche Grade of A. This rating mirrors the borough’s exceptional blend of factors, including the cost of living, safety, education, and overall community satisfaction. Such a high grade underscores that Brooklyn is a highly coveted place to call home, delivering residents a superior standard of living.

Furthermore, Brooklyn’s ranking as the #2 Best Borough to Live in New York is a testament to its outstanding attributes. This recognition acknowledges the borough’s allure, diverse culture, and access to excellent amenities. Whether you’re in search of a vibrant urban lifestyle or a tranquil suburban setting, Brooklyn offers a diverse array of options to suit your preferences. With a strong sense of community, charming neighborhoods, and top-tier educational institutions, it’s no surprise that Brooklyn is highly esteemed as a prime choice for residents in New York. These accolades emphasize the borough’s dedication to ensuring a high quality of life for its residents, establishing it as an exceptional destination in the Empire State.


Brooklyn Overall Niche Grade

The grade is an average of the individual scores below.

B+ Public Schools

A- Night Life

A+ Diversity

B  Weather

A+  Health & Fitness

A- Commute

D+ Housing

A Good for Families

C+ Jobs

C-  Cost of Living

A+  Outdoor Activities


Brooklyn Rankings

Most Diverse to Live in America
#29 of 17,927

Best Places for Young Professionals in America
#780 of 17,927

Best Places to Raise a Family in America
#2,140 of 17,899

Best Places to Live in America
#2,738 of 17,916


Brooklyn Reviews

794 Excellent Reviews

750 Very Good Reviews

311 Average Reviews

31 Poor Reviews

11 Terrible Reviews