We’ve added a new section to Brownstoner called Market Trends that offers real time info on rental and sales prices throughout Brooklyn, Queens, Manhattan and upstate. It can show you neighborhoods in your price range you might not have known about or what your property is currently worth — and many other stats. It’s based on the listings on our site and is updated throughout the day.
A quick look this morning revealed that most of the more affordable neighborhoods of Brooklyn, from Crown Heights to Bushwick to Bed Stuy and more, all clock in at the same median rental price: about $24 a square foot. Average rental prices vary considerably, with Windsor Terrace at the top at $35.65 a square foot and Bay Ridge at the bottom (cheaper than Crown Heights, Bushwick, Flatbush and Bed Stuy) at $25 a square foot.
The more expensive neighborhoods of Brooklyn Heights, Dumbo and Williamsburg all exceed a median rent of $48 a square foot, with averages as high as $55.97 (the Heights wins).
A quick glance at the sales reports reveals Windsor Terrace is, in fact, less expensive than South Slope, with an average sales cost per square foot of $596, vs. South Slope’s $810. (Both neighborhoods had 21 listings each.) East Flatbush was the only neighborhood we could find where the median price is still under $200 a square foot — it’s $176.
Have a look around and let us know what you think.