Milton Coste

Licensed Real Estate Associate Broker

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NYC Neighborhood Comparison

Gowanus vs Richmond Hill

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

Brooklyn|Queens

Gowanus

Brooklyn

Richmond Hill

Queens

How They Compare

For buyers focused on affordability, Richmond Hill has the lower median sale price at $775K vs $1.0M in Gowanus.

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

Median Sale Price
$1.0M
$775K
Median Rent
$5K
$2K
Active Listings
19
12
Avg Days on Market
43 days
0 days
YoY Price Change
+51.6%
-6.1%
Monthly Sales Volume
1
6

Detailed Comparison

MetricGowanusRichmond Hill
Median Sale Price$1,045,000$775,000
Median Condo Price$775,000N/A
Median Co-op PriceN/AN/A
Median Rent$4,850$2,250
Active Listings1912
Rental Inventory29511
Days on Market430
Price Cut Share15.8%22.2%
Monthly Sales Volume16
YoY Price Change+51.6%-6.1%
YoY Rent Change+7.8%-18.9%
YoY Inventory Change-38.7%-20.0%
Subway LinesN/AN/A

Year-Over-Year Price Movement

Prices in Gowanus moved +51.6% over the past year, compared to -6.1% in Richmond Hill. Gowanus is seeing price appreciation while Richmond Hill has softened, pointing to different supply-demand dynamics in each 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.

View Full Market Report

Richmond Hill

Richmond Hill features a mix of high-rise residential buildings and mixed-use retail structures. The area is served by major subway lines and complemented by ample local parks. Established community landmarks anchor the geography, offering varied housing types throughout the region.

View Full Market Report

Transit Access

Gowanus

No subway data available

Richmond Hill

No subway data available

Active Listings

Gowanus for sale

View all Gowanus listings

Richmond Hill for sale

View all Richmond Hill 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 Richmond Hill?
Richmond Hill is more affordable, with a median sale price of $775,000 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 Richmond Hill?
Transit data is not available for these neighborhoods. Check the MTA website for current service maps.
Which is better for families, Gowanus or Richmond Hill?
This depends on what type of home fits your household. Gowanus and Richmond Hill 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 Richmond Hill?
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 Richmond Hill 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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