Why Brooklyn is one of the hottest places to live?
For a neighborhood that wasn’t as popular a decade ago, Brooklyn is now one of the hottest places to live in New York City. Although the year 2020 continues to go through turbulent times, the real estate market within Brooklyn seems to not be as affected. As the rest of the New York real estate market is seeing changes, Brooklyn remains at the top due to key neighborhoods maintaining consistent growth. Meanwhile, due to the strong demand, the prices of homes are trying to stay within a certain level. If you are interested in relocating to this trending NY borough, continue reading. Let’s evaluate what makes Brooklyn one of ‘the’ places to live in.
Brooklyn 101
With over 2 and a half million residents, Brooklyn is the second-most densely populated area of the country. As the cost of living continued to grow and get more expensive in Manhattan, many residents made their relocation to Brooklyn. This is when the borough began its rise.
Meanwhile, many individuals report on the following elements transforming Brooklyn into a location and vibe it is today. These key elements include public safety, real estate development, expanded transportation, and overall quality of life. As New York began to implement these changes and to include the borough within as well, we began to see a transformation.
Once there were lower crime rates, and there was an evident growth in real estate development, the quality of life in Brooklyn improved by a lot. In addition, by expanding alternative methods of transformation, people were more inclined to travel through the city. Overall, each element contributed a big part in transforming Brooklyn into a must-checkout borough.
Top Rated Neighborhoods
An interesting fact about Brooklyn is that it is a borough within New York City and home to about 30 neighborhoods. In addition, it is exactly the difference and uniqueness of each neighborhood that makes this borough so popular and the place to be at the moment. With so much history and culture, while also highlighting the modern aspects, who wouldn’t want to relocate to one of the hottest places in New York.
Park Slope
Diverse, characteristic, and known for its historic brownstones and tree-lined streets, Park Slope has been one of the top neighborhoods for a long time now. In addition, it is one of the pricier spots within Brooklyn. Renting an apartment averages around $3000 a month, while the classic brownstones start at $1 million. Although moving to Park Slope might cost you a little more, finding a home there is amazing. With great schools, restaurants, and shops, all the while being a safe community, it’s a great place for singles or a family.
Bay Ridge
The neighborhood of Bay Ridge is a little different from Park Slope. It’s known for its small-town atmosphere, while also being a mix of the old and new. The public school system here is well above average, and it is an overall safe community. Lots of parks, cafes, and restaurants while maintaining a much more affordable real estate market than that of Park Slope. Moreover, while it’s a bit of a drive to Manhattan, one can at least buy a two-bedroom house in good condition under $1 million. Practically a steal!
Williamsburg
When it comes to Williamsburg, words used to describe this neighborhood include hip, chic, trendy, and fashionable. One of the top neighborhoods for young professionals, as the nightlife is also top-rated. Although Williamsburg stands for being very cool and modern, it still has plenty of history and tradition as well.
Greenpoint
The neighborhood of Greenpoint is both residential and hipster. Located more north within Brooklyn, Greenpoint’s home prices still range within $1 million. There are a lot of Polish stores and restaurants located in the neighborhood, so you would have an opportunity to get to know the culture a bit. In addition, it is overall a safe community.
To Move or Not To Move?
Brooklyn is definitely a very big area within New York. The borough itself is bigger than Manhattan, and the cost of living is much more affordable. The one important aspect should you choose to move to Brooklyn is to have a moving plan in motion.
A relocation plan is beneficial as it keeps you organized, on a timeline and gives you a visual of this big step. In addition, with a plan and a bit of research, you would be able to simply move just around the corner with ease.
We also recommend visiting the neighborhoods and the borough if you have a chance. This will help you feel the overall vibe and perhaps make it easier to choose and see where you could live. Seeing a potential home in person, if the situation allows, is always a good idea.
Kings County New York
As we have evaluated Brooklyn and what it has to offer, it is pretty clear that it is one of the hottest places to live. One of the biggest elements that contribute to this conclusion is the up-and-coming aspect of its communities while also staying more affordable than Manhattan.
Brooklyn has changed a lot throughout the years, and there are many promising factors as we move towards the future. Meanwhile, the safety element has also played a major role. The borough and its neighborhoods are much safer today than before. School systems are rocketing, and one of the greatest aspects is the diversity and culture one can become part of.
At the end of the day, it is all New York. Who wouldn’t want to live in New York? Now that you have a better understanding of what makes Brooklyn such a hot location at the moment, you can evaluate whether you see yourself there or not.
