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NYC Neighborhood Comparison
Side-by-side market data, transit, and neighborhood profiles to help you decide.
Brooklyn
Brooklyn
For buyers focused on affordability, Flatlands has the lower median sale price at $425K vs $753K in Sheepshead Bay.
Investors analyzing rental yield will find Flatlands offers a stronger rent-to-price ratio based on current market data.
| Metric | Flatlands | Sheepshead Bay |
|---|---|---|
| Median Sale Price | $425,000 | $752,500 |
| Median Condo Price | N/A | $450,000 |
| Median Co-op Price | N/A | $245,000 |
| Median Rent | $2,250 | $2,999.5 |
| Active Listings | 41 | 332 |
| Rental Inventory | 8 | 86 |
| Days on Market | 0 | 90 |
| Price Cut Share | 14.6% | 10.2% |
| Monthly Sales Volume | 6 | 48 |
| YoY Price Change | -38.3% | +13.2% |
| YoY Rent Change | -2.2% | +9.1% |
| YoY Inventory Change | +46.4% | +31.7% |
| Subway Lines | N/A | N/A |
Prices in Flatlands moved -38.3% over the past year, compared to +13.2% in Sheepshead Bay. Sheepshead Bay is seeing price appreciation while Flatlands has softened, pointing to different supply-demand dynamics in each market.
Flatlands is a southeastern Brooklyn neighborhood of single-family detached homes, two-family brick houses, and low-rise apartment buildings on a flat grid of residential streets. The B/Q trains at the Kings Highway and Avenue U stations serve the western portion, and local buses provide additional connections. Floyd Bennett Field, the city's first municipal airport and now a national recreation area, borders the southern edge.
View Full Market ReportSheepshead Bay is a scenic waterfront neighborhood in Southern Brooklyn, famous for its fishing fleet, piers, and seafood restaurants. The area offers a unique maritime atmosphere with a relaxed, residential vibe. The real estate market features a mix of traditional multi-family brick houses, spacious pre-war cooperatives, and a growing number of modern luxury condominiums that offer stunning views of the bay and easy access to the beaches of Coney Island and Manhattan Beach.
View Full Market ReportNo subway data available
No subway data available
Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is refreshed every 15 minutes per REBNY IDX requirements.
From the 2008 financial crisis through the 2020 pandemic, the NYC metro Case-Shiller composite fell about 25% peak-to-trough between 2007 and 2012, then fully recovered by 2017 and gained another 15% through Q1 2020. Flatlands and Sheepshead Bay both tracked this broader NYC arc, with annual closing volume contracting sharply in 2009 and again in Q2 2020 before normalizing.
Outer-borough submarkets including Flatlands and Sheepshead Bay generally tracked the broader NYC metro pattern of a 20% to 25% peak-to-trough decline before fully recovering by 2017 and posting further gains through early 2020.
Source: Per Case-Shiller Home Price Index, NYC metro subset, 2008-2020, cross-referenced with StreetEasy historical price data series.
| Metric (2026) | Flatlands | Sheepshead Bay |
|---|---|---|
| Median Sale Price | $425,000 | $752,500 |
| Median Rent | $2,250/mo | $2,999.5/mo |
| Year-over-Year Price Change | -38.3% | +13.2% |
| Average Days on Market | 0 days | 90 days |
| Distance to Nearest Subway | N/A | N/A |
Table values reflect current 2026 market conditions. Historical 2008-2020 commentary is sourced from Case-Shiller NYC metro composite and StreetEasy historical series.
With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.
Data updated: