Similar to other places in this area, it is substantially less expensive compared to the US as a whole. Compared to the city of Cleveland however, it's substantially more expensive.
Home prices
The median home value in Brooklyn is $110,600. It is about $5,260 (4%) lower compared to other places in this area.Compared to the country as a whole it is roughly $106,900 (49%) lower, and is approximately $41,000 (58%) higher compared to the city of Cleveland.
Rents
In Brooklyn the median monthly rent is $733. It is roughly $133 (15%) lower compared to nearby areas.It is roughly $329 (30%) lower compared to the country as a whole, and compared to the city of Cleveland is about $14 (1%) higher.
Nearby places
Linndale
Linndale is Brooklyn's neighbor to the northwest. Its real estate prices are a lot less expensive. The price of the median home in Linndale is $63,100, which works out to $47,500 (75%) lower than Brooklyn. Rent there is pretty similar. Linndale's median rent is $725 per month, which comes out to $8 (1%) lower than Brooklyn.
Parma
Parma is Brooklyn's neighbor to the south. Housing prices there are pretty similar. Parma's median home price is $115,500, which is $4,900 (4%) higher than Brooklyn. Its rents are a bit more expensive. In Parma the median monthly rent is $865, which works out to $132 (15%) higher than Brooklyn.
Parma Heights
Parma Heights is roughly 3 miles south of Brooklyn. Real estate prices there are somewhat more expensive. The median home in Parma Heights costs $116,500, which works out to $5,900 (5%) higher than Brooklyn. Rents there are a little more expensive. In Parma Heights the median rent is $838 per month, which works out to $105 (12%) higher than Brooklyn.
Brooklyn Heights
Brooklyn Heights is approximately 3 miles east from Brooklyn. Real estate prices there are substantially more expensive. The median home value in Brooklyn Heights is $165,800, which is $55,200 (33%) higher than Brooklyn. Rent there is a little more expensive. In Brooklyn Heights the median monthly rent is $1,038, which comes out to $305 (29%) higher than Brooklyn.
Brook Park
Brook Park is about 3 miles southwest of Brooklyn. Its real estate prices are a bit more expensive. The median home in Brook Park costs $118,400, which is $7,800 (6%) higher than Brooklyn. Rents there are a bit more expensive. In Brook Park the median monthly rent is $863, which comes out to $130 (15%) higher than Brooklyn.
