Fort Greene, New York, NY—11205
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Greene, New York, NY
As of Oct '25, the median home price in Fort Greene, New York, NY is $1,049,000, with a year-over-year change of 6.6%. This indicates that home prices in Fort Greene, New York, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,049,000 | 6.6% |
| Single Family | $2,114,000 | 4.3% |
| Condos | $968,000 | 7.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $777,000 | 4.2% |
2 Bed | $1,142,000 | 4.8% |
3 Bed | $1,698,000 | 3.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fort Greene, New York, NY
As of July '25, Rentcast reports the average rent in Fort Greene, New York, NY is $4,160, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in Fort Greene, New York, NY is studios: $3,560, 1-bedrooms: $3,820, 2-bedrooms: $4,720, 3-bedrooms: $5,460, 4-bedrooms: $2,760. The most common rental property sizes in Fort Greene, New York, NY are 2-bedroom and 1-bedroom, accounting for 33.6% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $4,160 |
| Studio Rent | $3,140 | $3,560 |
| 1 Bed Rent | $3,800 | $3,820 |
| 2 Bed Rent | $4,650 | $4,720 |
| 3 Bed Rent | $4,800 | $5,460 |
| 4 Bed Rent | $1,480 | $2,760 |
% of Rental Stock
Property Listings — Fort Greene, New York, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Greene, New York, NY is 61. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,200,000 | 37.0% |
Listing Count | 70 | 5.0% |
| Listings as % of Homes | 0.3% | 5.0% |
Days on Market | 61 | 17.0% |
Demographics — Fort Greene, New York, NY
As of the latest ACS Survey released in 2023, Fort Greene, New York, NY has a population of 50,200, which has increased by 9.0% over the past 5 years. Fort Greene, New York, NY is a popular place for families, as children make up 28.8% of the population. The area has a highly educated workforce, with 52.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,200 | 9.0% |
% Under 18 | 28.8% | 7.1% |
% Seniors | 9.3% | 24.0% |
% WFH | 20.9% | 231.7% |
% w/ College Degree | 52.5% | 16.4% |
As of the latest ACS Survey released in 2023, Fort Greene, New York, NY is a predominantly white area, with 51.9% of the population identifying as white. The white population has grown by 22.7% in the last 5 years. The second most common race or ethnicity in Fort Greene, New York, NY is black, making up 21.6% of the population. Foreign-born residents account for 16.2% of the population in Fort Greene, New York, NY, and this percentage has decreased by 17.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 51.9% | 22.7% |
% Black | 21.6% | -32.1% |
% Hispanic | 15.1% | -14.7% |
% Asian | 6.7% | -2.9% |
% Foreign Born | 16.2% | -17.8% |
Mortgage and Risk — Fort Greene, New York, NY
According to HUD data as of 2023, there were 167 mortgage originations in Fort Greene, New York, NY, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Fort Greene, New York, NY. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 167 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Fort Greene, New York, NY
As of 2024, the percent of homes in Fort Greene, New York, NY under the Section 8 program is 10.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fort Greene, New York, NY, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 4,474 |
Total Units Section 8 | 1,377 |
% Rentals under Section 8 | 10.6% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,050 | $3,800 | $2,750 |
| 2 Bedroom | -$1,610 | $4,650 | $3,040 |
| 3 Bedroom | -$1,010 | $4,800 | $3,790 |
| 4 Bedroom | $2,610 | $1,480 | $4,090 |
Affordability — Fort Greene, New York, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.6 |
| Median Home Price | $1,049,000 |
| Median Household Income | $86,800 |