Changes in Kings County Real Estate prices from 2004 to 2012, ie., Gentrification in Brooklyn
Courtesy of Property Shark, we have this handy interactive map of Brooklyn real estate values — specifically, how much more expensive neighborhoods have become over the last 8 years. At the top end:
- Williamsburg is up 174%
- Fort Greene, Gowanus and Prospect Leffert Gardens are all in the 50-plus % range.
- Greenpoint up by 47%
All the gentrification hype of the last decade shouldn’t obscure the fact that some parts of Brooklyn have declined in real estate values. Namely:
- Cypress Hills, down 30%
- Brownsville, down 12%
- East Flatbush, down 22%
- Fort Hamilton, down 19%
If you compare the swathes of pink/red to the big patches of grey, it’s hard not to come away with the sense that most of Brooklyn is just creeping along.
Visit Property Shark’s original map to zoom in on neighborhoods.