Zip Code 11206

Brooklyn, NYKings County

Real Estate Market Analysis

Q3 2025 Report
$951,455 (up 5.0% YoY as of March 2025)
Median Home Value
Approx. 80,000 (2025 est.)
Population
$52,000–$60,000 (2025 est.)
Median Income
Average (C+ to B-)
School District Rating

Market Statistics

Property Values

$951,455 (up 5.0% YoY as of March 2025)
Median Home Value
Data not specified for 2025; typical Brooklyn median rent ranges $2,800–$3,200/mo
Median Rent
$937 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation5.0% YoY (March 2025)
Market VelocityHomes sell after 45 days on average (June 2025)
Foreclosure RateNot specified; Brooklyn-wide rates remain low

Area Information

Area SizeApprox. 1.1 sq mi
CountyKings
Primary CityBrooklyn

Housing Profile

Housing Statistics

Total Housing UnitsNot specified; estimated 20,000+ units based on area density
Owner OccupiedLower than NYC average; majority rental
Rental PropertiesHigh proportion (est. 70%+)
Vacant UnitsNot specified; vacancy rates in Brooklyn remain low (<5%)
New ConstructionNew development sales down 31% YoY in Brooklyn Q1 2025[1]

Housing Types

Pre-war walk-upsBrownstonesNew condosMulti-family buildings

Demographics

Approx. 80,000 (2025 est.)
Population
~31 years
Median Age
$52,000–$60,000 (2025 est.)
Median Income
~92% (unemployment ~8%)
Employment Rate
High school diploma or higher: ~80%; Bachelor’s or higher: ~35%
Education Levels
Mix of singles, young families, multi-generational households
Family Composition

Education Quality

School District Performance

Average (C+ to B-)
District Rating
School DistrictNYC District 14 (Brooklyn)
Test ScoresBelow NYC average; some improvement in select schools
Graduation Rates~75% (district-wide)

Schools in Area

  • PS 380 John Wayne Elementary
  • PS 297 Abraham Stockton
  • Brooklyn Arbor Elementary
  • PS 23 Carter G Woodson

Economic Factors

Employment & Business

Job GrowthModerate; tech and creative sectors expanding
Unemployment Rate~8% (2025 est.)
Business EnvironmentActive small business scene, gentrification driving new retail/cafes
Commercial ActivityIncreasing, especially along Broadway and Flushing Ave

Major Employers

  • NYC Health + Hospitals
  • Local retail and hospitality
  • Creative industries

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • J/M/Z subway lines
  • G subway line
  • Multiple bus routes
  • Easy access to Williamsburg Bridge

Utilities & Services

  • Con Edison (electric/gas)
  • NYC Water
  • High-speed internet (multiple providers)

Quality of Life

Safety & Environment

Higher than NYC average but declining; property crime more common than violent crime

Urban, moderate air quality, some noise pollution

Healthcare Access

  • Woodhull Medical Center
  • NYC Health + Hospitals
  • Local clinics

Development Trends

Planned Developments

  • Mixed-use projects along Broadway
  • Affordable housing initiatives

Infrastructure Projects

  • Streetscape improvements
  • Bike lane expansions

Investment Outlook

Growth Outlook

Continued gentrification, steady population and price growth expected

Investment Opportunities

  • Multi-family conversions
  • Value-add renovations
  • Retail storefronts

Marketing Intelligence

Target Demographics

  • Young professionals
  • Investors
  • Creative industry workers
  • First-time buyers

Competitive Advantages

  • Lower price per sqft than Williamsburg
  • Rapid appreciation
  • Diverse housing stock

Pricing Strategies

Position slightly below Williamsburg/Greenpoint to attract value-seekers

Common Objections & Response Strategies

Objection: Concerns about neighborhood safety

Response Strategy:

Highlight declining crime rates, new community policing, and active neighborhood associations.

Objection: Older housing stock/maintenance issues

Response Strategy:

Emphasize recent renovations, building upgrades, and new construction options.

Objection: School quality concerns

Response Strategy:

Point to improving test scores, new educational programs, and proximity to charter/private options.

Professional Recommendations

1

Educate buyers on rapid market changes and inventory trends.

2

Highlight neighborhood transformation and future upside.

3

Leverage virtual tours and digital marketing for broader reach.

4

Build relationships with local developers for early access to new listings.

5

Stay informed on zoning and development pipeline to advise clients.

Competitive Analysis

Comparable Markets

  • Williamsburg (11211)
  • Bushwick (11221)
  • Bedford-Stuyvesant (11216)

Market Positioning

Emerging, high-growth, value-driven alternative to Williamsburg

Competitive Advantages

  • Lower entry price than Williamsburg
  • Faster appreciation than Bushwick
  • More diverse housing than Bed-Stuy

Price Comparison

11206 median home value ($951k) is lower than Williamsburg ($1.2M) but higher than Bushwick ($800k)

Investment Metrics

3.5%–4.2% (2025 est.)
Cap Rates
3.0%–3.8% gross
Rental Yields
~25–28
Price-to-Rent
Moderate; best for long-term appreciation, less for immediate cash flow
Cash Flow
4–6% annually (2025–2027 projection)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by relative affordability and transit; may need education on co-op/condo process.

Move-Up Buyers

Seek larger units or multi-family; value neighborhood growth.

Downsizers

Less common, but some interest in new condos with amenities.

Investors

Active; focus on multi-family and value-add.

Relocators

Drawn by creative scene, proximity to Manhattan, and improving amenities.

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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