Richest Neighborhoods in Brooklyn
July 28, 2024 by Georges Benoliel
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Once known for its diverse and eclectic neighborhoods, Brooklyn has recently become a hub of affluence and luxury living. Therefore, this article will explore the fifteen wealthiest
neighborhoods in Brooklyn, where grand brownstones, trendy boutiques, and upscale amenities define the landscape. Let’s discuss the Richest Neighborhoods in Brooklyn.
Brooklyn Heights
- Population: 20,256
- Median Home Price: $1,315,711
- Median Household Income: $148,282
Nestled serenely along the East River, Brooklyn Heights commands stunning vistas of the iconic Manhattan skyline. Therefore, this creates an ambiance that flawlessly merges historic allure with contemporary luxury. The neighborhood’s graceful streets are lined with majestic brownstones, complemented by an array of upscale boutiques and a diverse selection of fine dining establishments.
Boasting some of Brooklyn’s highest property values, this exclusive enclave draws affluent professionals and families to pursue an urban lifestyle. Brooklyn Heights proudly holds the title of America’s original suburb.
DUMBO
- Population: 1,139
- Median Home Price: $1,638,976
- Median Household Income: $146,370
Down Under the Manhattan Bridge Overpass, or DUMBO, has transformed from an industrial area into an upscale neighborhood. It is renowned for its renovated warehouses, high-end lofts, and arts scene. These make Dumbo a hotspot for the creative community.
Boasting breathtaking waterfront views, innovative architecture, and proximity to cultural landmarks like the Brooklyn Bridge Park, DUMBO is a haven for those in search of artistic inspiration.
Lastly, with a high concentration of technology startups, DUMBO ranks as New York City’s fourth-richest community.
Cobble Hill
- Population: 9,554
- Median Home Price: $1,638,896
- Median Household Income: $134,960
Cobble Hill is one of the most expensive neighborhoods in Brooklyn. This luxurious neighborhood has unique charm with its tree-lined streets, historic townhouses, and vibrant community.
Known for its historic character and proximity to some of Brooklyn’s best schools, Cobble Hill is an affluent neighborhood. Upscale boutiques, gourmet restaurants, and a strong sense of community make Cobble Hill an attractive destination for those seeking a quieter yet luxurious urban experience.
Lastly, Cobble Hill is home to two of Brooklyn’s most notable schools, the Brooklyn School for Global Studies and the School for International Studies.
Park Slope
- Population: 40,290
- Median Home Price: $1,360,191
- Median Household Income: $150,320
One of Brooklyn’s wealthiest neighborhoods is Park Slope. Known for its brownstone-lined streets and proximity to Prospect Park, Park Slope combines greenery with grandeur.
Therefore, affluent residents are attracted to the spacious historic homes, top-rated schools, and a wide range of cultural and recreational amenities.
Lastly, according to the 1890 census, Park Slope was the wealthiest community in the United States.
Williamsburg
- Population: 151,308
- Median Home Price: $1,017,262
- Median Household Income: $65,908
Once a haven for artists and musicians, Williamsburg has transformed into a trendy neighborhood. The area boasts an industrial aesthetic, upscale condos, and a thriving cultural scene, which attracts diverse creatives and professionals.
The waterfront area, in particular, has become a hotspot for luxury developments. It offers stunning views of Manhattan and a lifestyle that seamlessly blends hipster chic with high-end living.
After the construction of the Williamsburg Bridge, many wealthy immigrants, especially from the Lower East Side, moved to Williamsburg.
Boerum Hill: the Richest Neighborhoods in Brooklyn
- Population: 12,518
- Median Home Price: $1,532,768
- Median Household Income: $202,547
Boerum Hill is a beautiful blend of historic architecture and modern luxury. The neighborhood features trendy boutiques, artisanal eateries, and high-end condominiums, making it a sought-after destination for those who appreciate a mix of old-world charm and modern opulence. Lastly, despite its name, the neighborhood is relatively flat.
It is THE Richest Neighborhood in Brooklyn.
Fort Greene
- Population: 28,335
- Median Home Price: $1,165,392
- Median Household Income: $119,728
Fort Greene is a neighborhood named after a Revolutionary War-era fort known for its rich cultural scene and upscale living. The area features brownstones and cultural institutions like the Brooklyn Academy of Music (BAM) and is close to Fort Greene Park, making it attractive to a sophisticated crowd.
In 2000, 41.8% of Fort Greene’s population identified as Black, highlighting the neighborhood’s rich history as an African American community.
Clinton Hill
- Population: 34,791
- Median Home Price: $937,882
- Median Household Income: $91,517
Clinton Hill is well-known for its grand mansions, historic architecture, and vibrant artistic community. The neighborhood is also home to the esteemed Pratt Institute, contributing to its intellectual and creative atmosphere.
Upscale dining options, boutique shops, and a mix of historic and modern residences make Clinton Hill one of the most affluent neighborhoods in Brooklyn.
In the late 1800s, wealthy families relocated to Clinton Hill and constructed large, elaborate houses with intricate designs.
Greenpoint
- Population: 34,719
- Median Home Price: $1,199,111
- Median Household Income: $148,380
Greenpoint, located along the East River, has transformed from a primarily industrial area to a luxurious waterfront oasis. It offers stunning views of Manhattan, upscale condominiums, and a growing culinary scene.
It is an attractive destination for people who want the perfect mix of city life and waterfront serenity. Lastly, Greenpoint is home to many Polish immigrants and is often called “Little Poland.”
Red Hook
- Population: 9,953
- Median Home Price: $1,778,315
- Median Household Income: $88,482
With its maritime charm and waterfront location, Red Hook has become a destination for those seeking an exclusive, relaxed lifestyle. Historic warehouses converted into upscale lofts, trendy art galleries, and a flourishing food scene define this neighborhood.
Red Hook’s distinct character, proximity to the waterfront, and panoramic views of the Statue of Liberty make it a unique and affluent enclave within Brooklyn.
Lastly, many famous people call Red Hook home, including actress Michelle Williams and basketball player Carmelo Anthony.
Ditmas Park
- Population: 24,229
- Median Home Price: $1,369,000
- Median Household Income: $66,173
Ditmas Park, located in Flatbush, stands out for its remarkable collection of Victorian-era homes. The neighborhood boasts tree-lined streets adorned with stunning mansions, creating an atmosphere of old-world opulence.
Residents in Ditmas Park also revel in the unique charm of these residences. Each home tells a story of a bygone era, adding an air of sophistication.
In 2009, Time Out New York ranked Ditmas Park as one of the best NYC neighborhoods for food.
Gowanus
- Population: 24,004
- Median Home Price: $113,8998
- Median Household Income: $133,269
Gowanus, known for its canal and industrial roots, has recently transformed, becoming a popular destination for affluent individuals who appreciate the combination of industrial-chic style and luxurious living.
The neighborhood is characterized by warehouses converted into loft-style homes and high-end art studios. Upscale dining options and proximity to cultural venues contribute to Gowanus’s reputation as a trendy area.
The Carroll Street Bridge in Gowanus is also the nation’s oldest retractable bridge.
Windsor Terrace
- Population: 20,988
- Median Home Price: $1,061,020
- Median Household Income: $119,394
Windsor Terrace is nestled between Prospect Park and Green-Wood Cemetery and offers a peaceful retreat within the bustling borough. The neighborhood is known for its quiet streets, historic row houses, and a strong sense of community, which attracts discerning residents seeking a serene yet refined urban lifestyle.
Situated along the western shore of Brooklyn, Bay Ridge is renowned for its stunning views of the New York Harbor and the Verrazano-Narrows Bridge. The neighborhood’s prosperity is evident in its luxurious waterfront properties, offering breathtaking views and upscale amenities.
Lastly, due to its large Middle Eastern population, Bay Ridge is also called “the heart of Brooklyn’s Arab community.”
Midwood
- Population: 52,835
- Median Home Price: $940,028
- Median Household Income: $70,130
Midwood is the last neighborhood on our list. It stands out for its diverse population and a mix of architectural styles, which create a rich and eclectic atmosphere.
The neighborhood has various upscale amenities, from high-end shopping districts to fine dining establishments catering to a discerning clientele.
Brooklyn College, the first public coeducational liberal arts college in New York City, is also located in Midwood.
Richest Neighborhoods in Brooklyn Bottom Line
The wealthiest neighborhoods in Brooklyn are primarily situated in the northeastern part of the borough, making commuting to Manhattan convenient. However, Brooklyn’s landscape constantly evolves, and its affluent neighborhoods reflect the borough’s ability to adapt and change.
From the charm of Brooklyn Heights to the trendy vibe of Williamsburg, these neighborhoods represent the diverse range of lifestyles available in this iconic borough.
