{"id":50504,"date":"2017-02-24T02:30:30","date_gmt":"2017-02-24T10:30:30","guid":{"rendered":"http:\/\/www.rentcafe.com\/blog\/?p=50504"},"modified":"2026-04-22T00:38:59","modified_gmt":"2026-04-22T07:38:59","slug":"brooklyn-ny-wealthy-renters","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/brooklyn-ny-wealthy-renters\/","title":{"rendered":"Brooklyn, NY – The Eastward Expansion of High-Income Newcomers"},"content":{"rendered":"
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Much has been written about the changes taking place in Brooklyn’s neighborhoods in the last decade. We dived into Census data to see how renters are impacting New York City<\/a>‘s most populous borough. Judging by the explosion of new rentals construction in the post housing-crisis era, there’s no denying that the borough is attracting a new type of residents – higher-income renters.<\/p>\n

In one decade Brooklyn saw a staggering 324% rise in affluent families moving here to rent<\/a>. As of 2015, Brooklyn has over 52,000 high-income renter households, more than the city of Los Angeles, and more than double since 2011, when their numbers started to increase visibly. Moreover, the number of high-earning renters\u00a0in NYC’s most populous borough is increasing at a much faster pace than the number of homeowners with comparable incomes, according to data from the U.S. Census Bureau 2015 ACS<\/a>.<\/p>\n

[bctt tweet=”Brooklyn, NY has more affluent renters than Los Angeles. ” username=”RentCafeapts”]
\nIf\u00a0“the arrival of wealthier people in an existing urban district<\/a>” is a sign of gentrification, then that\u00a0“district” is\u00a0Brooklyn. In just 10 years, affluent\u00a0renters have moved to Brooklyn by the tens of thousands, causing a massive gentrification of its neighborhoods — the Northwestern ones to be specific. This map shows how — in just a few years — neighborhoods like Brooklyn Heights, Cobble Hill, Downtown, DUMBO, Park Slope, and Williamsburg have become havens for young, hip, well-paid\u00a0people looking to rent:<\/p>\n

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