Back to Market Intelligence Directory

Zip Code 11208

Brooklyn, NY • Kings County

Real Estate Market Analysis

Q3 2025 Report
$685,424 (Mar 2025)
Median Home Value
~90,000 (est.)
Population
$54,000 (est.)
Median Income
Below NYC average (C–D range, GreatSchools)
School District Rating

Market Statistics

Property Values

$685,424 (Mar 2025)
Median Home Value
$2,400–$2,800 (est., varies by unit size)
Median Rent
$455 (Jun 2025)
Price per Sq Ft

Market Performance

Home Appreciation+1.2% (past year, Mar 2024–Mar 2025)
Market Velocity115 homes for sale in Jun 2025, down 5.7% MoM; 3-bedroom inventory up 15.8% MoM
Foreclosure RateLow to moderate (no recent spike reported)

Area Information

Area Size~3.4 sq mi
CountyKings
Primary CityBrooklyn

Housing Profile

Housing Statistics

Total Housing Units~25,000 (est.)
Owner Occupied~25% (est.)
Rental Properties~75% (est.)
Vacant Units~7% (est.)
New ConstructionLimited, but new development prices up 12% YOY borough-wide[1]

Housing Types

Pre-war multifamilyAttached rowhousesLow-rise apartment buildingsCo-ops/condosSingle-family homes (minority)

Demographics

~90,000 (est.)
Population
34 (est.)
Median Age
$54,000 (est.)
Median Income
~92% (est.); unemployment ~8%
Employment Rate
~70% high school diploma or higher; ~15% bachelor’s or higher (est.)
Education Levels
High proportion of families with children; multigenerational households common
Family Composition

Education Quality

School District Performance

Below NYC average (C–D range, GreatSchools)
District Rating
School DistrictNYC District 19
Test ScoresBelow citywide average in math and ELA
Graduation Rates~70% (est., below city avg.)

Schools in Area

  • PS 65
  • PS 108
  • Cypress Hills Collegiate Prep
  • Academy of Innovative Technology

Economic Factors

Employment & Business

Job GrowthModest, steady with logistics/retail expansion
Unemployment Rate~8% (above city avg.)
Business EnvironmentPrimarily local retail, service, and logistics; limited office sector
Commercial ActivityGateway Center retail hub, small businesses, auto services

Major Employers

  • NYC Department of Education
  • NYC Health + Hospitals
  • Retail (Gateway Center)
  • Logistics/warehousing

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • A, J, Z subway lines
  • • Multiple MTA bus routes
  • • Proximity to Jackie Robinson Pkwy, Belt Pkwy

Utilities & Services

  • • Con Edison (electric/gas)
  • • NYC Water
  • • Spectrum/Verizon (internet)

Quality of Life

Safety & Environment

Above NYC average, but trending downward; property crime more common than violent crime

Urban, moderate air quality; green space at Highland Park

Healthcare Access

  • • Brookdale Hospital
  • • NYC Health + Hospitals/East New York
  • • Local clinics

Development Trends

Planned Developments

  • Affordable housing projects (Cypress Hills/East New York)
  • Retail expansion at Gateway Center

Infrastructure Projects

  • • Street/sidewalk upgrades
  • • Sewer/water main improvements

Investment Outlook

Growth Outlook

Stable to modest growth; affordability pressures remain

Investment Opportunities

  • • Value-add multifamily
  • • Mixed-use redevelopment
  • • Retail/warehouse conversions

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Multigenerational families
  • Investors seeking cash flow
  • Renters transitioning to ownership

Competitive Advantages

  • Lower price per sq ft than most of Brooklyn
  • Proximity to major highways and transit
  • Diverse housing stock

Pricing Strategies

Position below borough median; emphasize value and cash flow

Common Objections & Response Strategies

Objection: School quality concerns

Response Strategy:

Highlight charter/magnet options and ongoing district improvement efforts

Objection: Crime rates higher than city average

Response Strategy:

Provide recent downward trend data and highlight community policing, block associations

Objection: Older housing stock/maintenance

Response Strategy:

Showcase renovated units and available incentives for upgrades

Objection: Distance from Manhattan

Response Strategy:

Emphasize direct subway access and improving local amenities

Professional Recommendations

1

Emphasize affordability and rental income potential in marketing.

2

Build relationships with local community organizations for referrals.

3

Educate buyers on school options and local improvement projects.

4

Target investors with detailed cash flow and cap rate analyses.

5

Highlight recent infrastructure and retail improvements.

6

Stay updated on zoning and development news to advise clients.

Competitive Analysis

Comparable Markets

  • 11207 (East New York)
  • 11239 (Starrett City)
  • 11212 (Brownsville)

Market Positioning

Affordable, family-oriented, high cash flow potential

Competitive Advantages

  • Lower entry price than central/western Brooklyn
  • Higher rental yields

Price Comparison

11208 median list price ($899K) below Brooklyn median ($1.019M)[3][2]

Investment Metrics

5.5–6.5% (multifamily, est.)
Cap Rates
5–6% gross (est.)
Rental Yields
~20–23 (est.)
Price-to-Rent
Strong for well-managed multifamily; moderate for single-family
Cash Flow
1–3% annually (conservative)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by lower prices, FHA/VA loan eligibility, and community programs; may need education on local schools and transit.

Move-Up Buyers

Often seek larger multifamily or renovated homes; value space and rental income potential.

Downsizers

Less common, but some interest in condos/co-ops with elevator access.

Investors

Drawn by high rental demand, solid cap rates, and potential for value-add; must assess tenant laws and maintenance costs.

Relocators

Value transit access, affordability, and diverse community; may need orientation to local 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.

Related Market Intelligence

Explore connected markets and opportunities

Nearby Areas

11207 (NY)

zip_code

1 miles away

$600,000

11212 (NY)

zip_code

2 miles away

$750,000

Similar Markets

11226 (NY)

zip_code

Similar market (89% price match)

$800,000

11212 (NY)

zip_code

Similar market (96% price match)

$750,000