Milton Coste

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NYC Neighborhood Comparison

Gowanus vs Prospect Park South

Side-by-side market data, transit, and neighborhood profiles to help you decide.

Brooklyn|Brooklyn

Gowanus

Brooklyn

Prospect Park South

Brooklyn

How They Compare

For buyers focused on affordability, Prospect Park South has the lower median sale price at $680K vs $1.0M in Gowanus.

Investors analyzing rental yield will find Prospect Park South offers a stronger rent-to-price ratio based on current market data.

Median Sale Price
$1.0M
$680K
Median Rent
$5K
$3K
Active Listings
19
22
Avg Days on Market
43 days
119.5 days
YoY Price Change
+51.6%
0.0%
Monthly Sales Volume
1
2

Detailed Comparison

MetricGowanusProspect Park South
Median Sale Price$1,045,000$680,000
Median Condo Price$775,000$628,220
Median Co-op PriceN/AN/A
Median Rent$4,850$3,300
Active Listings1922
Rental Inventory29563
Days on Market43119.5
Price Cut Share15.8%9.1%
Monthly Sales Volume12
YoY Price Change+51.6%0.0%
YoY Rent Change+7.8%+18.1%
YoY Inventory Change-38.7%-4.3%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Gowanus moved +51.6% over the past year, compared to 0.0% in Prospect Park South. The +51.6% gain in Gowanus reflects stronger buyer demand relative to available inventory in that market.

Neighborhood Profiles

Gowanus

Gowanus features a striking mix of 19th-century brick warehouses, Greek Revival rowhouses, and new glass-and-steel condominiums rising along the canal waterfront. The F, G, R, D, and N/W trains are accessible at nearby Smith-Ninth Streets and Fourth Avenue-Ninth Street stations, with Atlantic Terminal a short walk north. Washington Park and the Old Stone House landmark anchor the neighborhood's green space, while a major rezoning is bringing thousands of new residential units and waterfront parkland to the area.

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Prospect Park South

Prospect Park South is a designated New York City historic district featuring over 200 architect-designed homes in Queen Anne, Tudor Revival, Colonial Revival, and Italianate styles, many with spacious front yards and original period details. The B and Q trains stop at Parkside Avenue and Prospect Park stations, placing Downtown Brooklyn and Manhattan within easy reach. The neighborhood borders Prospect Park's southern edge, providing direct access to 526 acres of green space including the Parade Ground's athletic fields.

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Transit Access

Gowanus

No subway data available

Prospect Park South

No subway data available

Active Listings

Gowanus for sale

View all Gowanus listings

Prospect Park South for sale

View all Prospect Park South listings

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 last updated: 1/1/1970.

Frequently Asked Questions

Is Gowanus cheaper than Prospect Park South?
Prospect Park South is more affordable, with a median sale price of $680,000 vs $1,045,000 in Gowanus. Pricing can vary widely by building, floor, and unit condition, so review current listings for accurate comparisons.
Which has better transit, Gowanus or Prospect Park South?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Gowanus or Prospect Park South?
This depends on what type of home fits your household. Gowanus and Prospect Park South both offer a mix of apartment and multi-room units in co-ops, condos, and townhouses. Larger 3- and 4-bedroom units, including townhouses and multi-family properties, tend to be more available in lower-density areas. Reviewing active listings filtered by bedroom count is the most reliable way to see what each neighborhood currently offers for larger households. A licensed broker can pull current inventory by bedroom count across both areas for a direct comparison.
Should I buy in Gowanus or Prospect Park South?
The right neighborhood depends on your price range, commute needs, and preferred property type. A comparative market analysis (CMA) of recent sales in both Gowanus and Prospect Park South gives you the clearest picture of what your budget gets in each location. Request a free CMA from Milton Coste to get a side-by-side breakdown of current opportunities.

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Need Help Choosing?

With 25+ years of experience across all five boroughs, I can help you find the right neighborhood for your lifestyle and budget.

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