Brooklyn is the most populated borough in New York City, with nearly two and a half million people residing here. This accounts for nearly thirty-one percent of the total New York City population. At the same time, Brooklyn is a fantastic place to live in, thanks to its ample career opportunities and affordable housing units.
4 Most Affordable Neighborhoods in Brooklyn
The following are the four most affordable neighborhoods in Brooklyn:
1. Dyker Heights
If you’re hunting for a calm, family-friendly neighborhood to settle in, Dyker Heights will be ideal for you. This is one of Brooklyn’s safest neighborhoods, with ample spacious homes with yards and detached garages. Dyker Heights is also home to great kid-friendly activities and local parks, such as Dyker Beach Park.
The average home purchase price is $719,727, with the median monthly rent hitting $1,313. In addition, Dyker Heights has a significantly low crime rate, making it eighty-five percent safer than other neighborhoods in New York City.
2. Prospect Heights
This housing project is considered one of the most affordable neighborhoods in Brooklyn. Prospect Heights is a go-to choice among young professionals wanting to live in the heart of Brooklyn. This fantastic neighborhood features various pocket-friendly housing options, from classic rowhouses to apartments.
Prospect Heights is also home to top-notch boutiques, bars, restaurants, and coffee shops. The median monthly rent is $1,543, and the median home purchase price is $663,709, making it one of the best places to settle in Brooklyn.
3. Bay Ridge
Located on the southwestern edge of Brooklyn, this neighborhood is right up there with the top places to buy a home in NYC’s most populated borough. Maxwell Drever says that if you’re a fan of quiet, family-friendly neighborhoods, Bay Ridge is where you need to be.
This fantastic neighborhood is home to a range of budget-friendly townhouses and apartments while featuring top-rated schools, such as Bay Ridge Prep. The average home cost is $631,372, with the median monthly rent hitting $1,392. In addition, Bay Ridge is sixty percent safer than other neighborhoods in Brooklyn.
4. Park Slope
Besides being incredibly affordable, Park Slope is a top-notch neighborhood, thanks to its beautiful brownstones and tree-lined streets. All this contributes to making it one of the go-to choices among families and young professionals to settle in Brooklyn.
In addition to beautiful vibes, Park Slope is a hub for some of Brooklyn’s top-drawer bars, shops, and restaurants. This fantastic neighborhood also features stunning playgrounds and local parks like Prospect Park Zoo and Brooklyn Botanic Garden.
The average home purchase price is $951,201, and the median monthly rent is $2,004. Moreover, Park Slope is nearly seventy percent safer than other Brooklyn neighborhoods.
The Final Cut
Whether it’s numerous employment opportunities or affordable housing projects, Brooklyn has a lot to offer. The most populated borough in New York City is home to nearly two and a half million Americans. Brooklyn has a range of top-notch, affordable neighborhoods – four of which are mentioned in this article.
Most Affordable Neighborhoods in Dallas
Dallas is one of the most popular cities in Texas. The Big D has a perfect mix of both affordable and high-priced neighborhoods. There are thirty-four neighborhoods in total, each having its own unique features. Dallas has a range to offer when it comes to affordable housing projects.
If you’re looking for a top-notch yet affordable neighborhood in Dallas, you’ve come to the right place.
4 Most Affordable Neighborhoods in Dallas
The following are the most affordable places to live in Dallas:
1. Lake Highlands
Maxwell Drever of drever capital management suggests you opt for Lake Highlands if you want a peaceful, affordable neighborhood in Dallas. Lake Highlands is well-known for its scenic outdoor recreation and a range of affordable houses, from ranch-style to single-family homes. This suburb also features several local parks and a highly-revered Richardson School District, making it ideal for families to settle in.
This neighborhood is also home to fantastic outdoor spots, including Harry S. Moss Park and White Rock Lane. Lake Highlands’ average home purchase price is $72,412, with the median monthly rent touching $787. In addition, Lake Highlands offers low crime rates, making it safer than other neighborhoods in Dallas.
2. Preston Hollow
If you’re looking for a cozy, peaceful community to live in in Dallas, Preston Hollow is ideal. This one-of-a-kind neighborhood features multiple housing options, ranging from single-family homes to multimillion estates.
Preston Hollow is also home to several picturesque parks, high-profile shopping malls, and fantastic golf courses. All this contributes to making it a top choice among families and retirees. The median home purchase price in Preston Hollow is $233,488, and the median monthly rent is $893. Moreover, Preston Hollow is nearly eighty percent safer than other neighborhoods in Dallas.
3. Deep Ellum
Located in Central Texas, Deep Ellum was once considered the heart and soul of music. This historic neighborhood is home to unique apartments, townhomes, and condos, featuring an eclectic vibe and inviting atmosphere. This neighborhood is also close to the downtown area – which makes it easy for families to live.
Deep Ellum’s average home purchase price is $233,388, with the average monthly rent hitting $1,086. In addition, this neighborhood has low crime rates and is eighty percent safer than other neighborhoods.
4. Oak Lawn
This neighborhood is located in Uptown, Dallas, and is a hub for various apartments, condos, townhomes, and duplexes. Oak Lawn is best known for its walkable, bike-friendly streets, top-notch restaurants, fantastic shopping malls, and entertainment.
Oak Lawn’s popular outdoor spots include Zaguan, Station 4, Turtle Creek Parkway Park, and Cafe Brazil. The average monthly rent in Oak Lawn is $1,157, with the median home purchase price touching $248,449. On top of that, Oak Lawn is seventy-eight percent safer than other neighborhoods in Dallas.
Though Dallas has no shortage of high-profile, expensive neighborhoods, it’s advisable to go for more affordable ones if you have a tight budget. These top-notch, budget-friendly neighborhoods include Oak Lawn, Lake Highlands, and more, each offering unique features. If you’re planning to move to Dallas, check out the list of Dallas’ most affordable neighborhoods.