By Ryan Brace
There’s no doubt that Brooklyn is already the hot place to live. Time Out Magazine recently named Bed Stuy one of the 5 best neighborhoods in the world. That’s right, the world.
So what makes Brooklyn so special from a home buyer’s perspective?
According to the most recent data from the Census Bureau, Bushwick and Crown Heights in Brooklyn saw the most population growth over the last few years. Trulia.com says the average listing price for a home in Bushwick is now $293,000 compared to $331,000 for the average list price of a home Williamsburg. This shows how rapidly home prices have risen in Brooklyn’s trendiest neighborhoods, and the real estate pace shows no signs of slowing down.
Not only are property values increasing in some of the borough’s most popular neighborhoods, but the city’s vibrant culture and nightlife is also a big draw. While it’s important to research your specific area and consider your budget, here are five neighborhoods in Brooklyn that are definitely worth checking out: Bedford-Stuyvesant, Crown Heights, Park Slope, Gowanus, Prospect Heights. In the last year, property values in these neighborhoods have increased by 25 percent, 26 percent, 34 percent and 26 percent, respectively.
Brooklyn Neighborhoods with Fastest Growing Property Values
The five neighborhoods that are most popular for home buyers – Williamsburg, Park Slope, Bed-Stuy, Crown Heights, and Brownsville, according to Zillow. With new construction popping up all over the borough, you are more likely to find a remodeled home with modern amenities.
According to real estate website city-data.com, the five neighborhoods in Brooklyn with the highest rates of home sale prices are: Green-Wood Historic District, Sunset Park, Bensonhurst, Windsor Terrace and Dyker Heights. The article cites that the median sale price for homes in these neighborhoods was $879,000.
Are you specifically looking for a brownstone? Click here to read about the neighborhoods with the most number of brownstones in Brooklyn.