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Short Sale Listings in Brooklyn, IN

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Home Value Estimator For Brooklyn, IN

There are currently 200 real estate properties in Brooklyn, IN, with a median automated valuation model (AVM) price of $183,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Brooklyn, IN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Brooklyn, IN, is $186,666.00, with the most expensive house in Brooklyn, IN, topping out at $518,083.00 and the cheapest home in Brooklyn, IN, clocking in at $31,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Brooklyn, IN!


Rent Prices In Brooklyn, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Brooklyn, IN, is on a rollercoaster ride. The average rent price in Brooklyn, IN, is $1,025.00. Indeed, when looking to rent in Brooklyn, IN, you can expect to pay as little as $590.00 or as much as $1,950.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Brooklyn, IN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Brooklyn, IN In 2024

Brooklyn is located in Morgan, Indiana, with an estimated municipal population of 1,597 residents. All of the best foreclosed homes for sale in Brooklyn are located in the following zip code areas on Foreclosure.com: 46158 46111. The estimated population per square kilometer (.62 miles) in Brooklyn is 923.


Cost Of Living In Brooklyn, IN

So, about how much do homes cost in Brooklyn? The most recent median value of resident-owned homes in Brooklyn is 126,647. An estimated 78.5 percent of households in Brooklyn own their homes, with an average family size of 2.92. The median household income in Brooklyn is 57,000, with16.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Brooklyn, the median commute time of resident workers (in minutes) is 27.3. And last, but certainly not least, are you looking for homes to rent in Brooklyn? If so, the average rent price paid by renters in Brooklyn is 932, according to recent statistics.


Diversity And Demographics In Brooklyn, Indiana

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Brooklyn, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Brooklyn is 38.6, split between 52.6 percent male versus 47.4 female. The percentage of residents who report being married in Brooklyn is 61.3, with an average family size of 2.92.

The percentage of residents who report their race in Brooklyn is as follows:

White 95.6%
Black / African American 0%
Asian 2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.3%
Other 1.1%

Looking for family-friendly neighborhoods in and/or near Brooklyn? Or maybe you are searching for 55+ active adult communities in and/or near Brooklyn?

The percentage of residents who report their age in Brooklyn is as follows:

Under 10 13.7%
Aged 10-19 10%
20s 18.1%
30s 9.1%
40s 13.1%
50s 14.7%
60s 14.1%
70s 5.4%
80+ 1.8%

Best Schools In Brooklyn, Indiana

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Brooklyn with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Brooklyn.


Pros And Cons Of Living In Brooklyn, Indiana

How do you know that living in -- or moving to -- Brooklyn is right where you need to be? Perhaps you grew up in Brooklyn or already live nearby; therefore, the decision to buy a home in Brooklyn is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Brooklyn for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Brooklyn:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Brooklyn.


Reasons To Move To Brooklyn, Indiana, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Brooklyn can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Brooklyn, meanwhile, can field multiple offers from more qualified buyers.

Brooklyn, IN Short Sale Listings


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