Brooklyn

With a population of over 2.6 million, Brooklyn encompasses 1.1 million housing units, including both homes and apartments. The median home value in Brooklyn is approximately $900,000, positioning it as one of New York City’s more expensive boroughs. Brooklyn’s housing market is characterized by a diverse range of property types, including high-rise apartments, brownstones, duplexes, and single-family homes, with many structures dating back to the early 20th century.

A significant portion of the borough’s housing stock consists of older homes, with many properties built before 1940. This historical housing mix contributes to the borough’s unique character, with neighborhoods like Brooklyn Heights showcasing charming brownstones, while modern developments such as luxury apartments in Williamsburg and Downtown Brooklyn represent the borough’s evolution. The age of the homes varies, with a notable percentage built between 1940 and 1969. The more recent developments, particularly post-2000, are also contributing to the modern landscape of Brooklyn’s real estate market.

The housing composition in Brooklyn is diverse, with a mix of owner-occupied and renter-occupied properties. Many residents live in smaller apartments, particularly in the borough’s high-rise complexes, though single-family homes, row houses, and duplexes remain prevalent in various neighborhoods. This mix of old and new housing styles reflects the dynamic nature of Brooklyn, which maintains a vibrant, walkable community while adapting to contemporary demands for urban living.