DUMBO Brooklyn Real Estate: 24-Month Price Trend Analysis

October 28, 2024

DUMBO (Down Under the Manhattan Bridge Overpass) — ZIP code 11201 — has maintained some of Brooklyn's most stable pricing over the past 24 months, with median home values around $1.05M and modest sinusoidal variation consistent with broader NYC seasonal patterns.

Our 24-month Zillow ZHVI dataset for 11201 shows roughly ±3% variation around the median, with prices peaking in summer months and softening slightly in Q1. Days on market average 26 — faster than comparable Brooklyn ZIPs and significantly faster than outer-borough alternatives.

The rental market tells a similar story. Median observed rent (ZORI) for 11201 sits around $3,600/month, with the same seasonal pattern. Vacancy is structurally low due to limited new supply in the landmarked warehouse district.

DUMBO's NeighborScore of 80/100 reflects its balanced profile: crime is below Brooklyn average (71/100), schools outperform state benchmarks (84/100), and property value sits at 78/100 — slightly below the NYC metro median on a price-per-score basis, reflecting the premium the market assigns to the neighborhood's brand and proximity to Manhattan.