1. What is the current state of the Dumbo housing market?
Dumbo's real estate market has historically shown steady growth, with recent data for June 2024 indicating a potential shift. While median sale prices might show a slight decrease compared to the previous year's peak, the market remains competitive. Inventory levels have also seen a modest increase, offering more options for prospective buyers. The desirability of waterfront properties with terraces or balconies overlooking the Manhattan skyline and Brooklyn Bridge remains high.
2. What types of properties are available in Dumbo?
Converted warehouses and modern high-rise buildings dominate the Dumbo real estate landscape. Spacious lofts with exposed brick walls and high ceilings offer a unique aesthetic, while modern apartments boast sleek finishes and stunning city views. The availability of single-family homes is limited due to the neighborhood's primarily commercial and residential loft conversions. Opportunities for new construction are scarce due to the limited developable land.
3. What are the advantages of living in Dumbo?
Beyond the undeniable allure of the waterfront location, historic charm, and artistic vibe, Dumbo offers a plethora of advantages. The neighborhood boasts a vibrant restaurant scene, trendy shops, and renowned art galleries, catering to diverse interests. Brooklyn Bridge Park provides a green escape with stunning views, while excellent public transportation options connect residents to Manhattan and other Brooklyn neighborhoods. Highly-rated schools within the district solidify the appeal for families seeking a quality education for their children.
4. What are some things to consider before buying in Dumbo?
The cost of living in Dumbo is generally higher compared to other Brooklyn neighborhoods. Real estate prices reflect this exclusivity, making homeownership a significant investment. Limited street parking can be a challenge, and car ownership might not be necessary for residents who rely on the extensive public transportation network. Converted lofts, while charming, can have limitations on soundproofing and might not be ideal for noise-sensitive individuals.
5. Is Dumbo a good place to raise a family?
Dumbo offers a safe and secure environment for families with access to well-regarded public schools. The proximity to Brooklyn Bridge Park and the presence of family-friendly restaurants create a positive backdrop for children. However, the limited availability of single-family homes with backyards and the potential for noise in converted lofts might be a consideration for some families. Ultimately, the suitability depends on individual family needs and lifestyle preferences.
5,485 people live in Dumbo, where the median age is 35 and the average individual income is $170,649. Data provided by the U.S. Census Bureau.
Total Population
Median Age
Population Density Population Density This is the number of people per square mile in a neighborhood.
Average individual Income
There's plenty to do around Dumbo, including shopping, dining, nightlife, parks, and more. Data provided by Walk Score and Yelp.
Explore popular things to do in the area, including Pasta Lab NYC, Omakase Room by Shin, and Ice Cream Window.
| Name | Category | Distance | Reviews |
Ratings by
Yelp
|
|---|---|---|---|---|
| Dining | 1.32 miles | 9 reviews | 5/5 stars | |
| Dining | 4.11 miles | 16 reviews | 5/5 stars | |
| Dining | 4.33 miles | 11 reviews | 5/5 stars | |
| Dining | 1.69 miles | 5 reviews | 5/5 stars | |
| Dining · $ | 1.87 miles | 39 reviews | 4.9/5 stars | |
| Shopping | 3.08 miles | 7 reviews | 5/5 stars | |
| Shopping | 2.17 miles | 22 reviews | 5/5 stars | |
| Active | 0.41 miles | 14 reviews | 5/5 stars | |
| Active | 3.38 miles | 17 reviews | 5/5 stars | |
| Active | 1.09 miles | 20 reviews | 5/5 stars | |
| Active | 0.89 miles | 7 reviews | 5/5 stars | |
| Beauty | 1.31 miles | 22 reviews | 5/5 stars | |
| Beauty | 1.01 miles | 28 reviews | 5/5 stars | |
| Beauty | 0.1 miles | 7 reviews | 5/5 stars | |
| Beauty | 1.13 miles | 19 reviews | 5/5 stars | |
| Beauty | 2.22 miles | 13 reviews | 5/5 stars | |
| Beauty | 1.93 miles | 7 reviews | 5/5 stars | |
| Beauty | 2.04 miles | 8 reviews | 5/5 stars | |
| Beauty | 1.72 miles | 12 reviews | 5/5 stars | |
| Beauty | 1.73 miles | 42 reviews | 5/5 stars | |
| Beauty | 3.57 miles | 5 reviews | 5/5 stars | |
| Beauty | 1.5 miles | 6 reviews | 5/5 stars | |
| Beauty | 2.73 miles | 7 reviews | 5/5 stars | |
| Beauty | 3.01 miles | 86 reviews | 5/5 stars | |
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Dumbo has 2,265 households, with an average household size of 2. Data provided by the U.S. Census Bureau. Here’s what the people living in Dumbo do for work — and how long it takes them to get there. Data provided by the U.S. Census Bureau. 5,485 people call Dumbo home. The population density is 65,837.565 and the largest age group is Data provided by the U.S. Census Bureau.
Total Population
Population Density Population Density This is the number of people per square mile in a neighborhood.
Median Age
Men vs Women
Population by Age Group
0-9 Years
10-17 Years
18-24 Years
25-64 Years
65-74 Years
75+ Years
Education Level
Total Households
Average Household Size
Average individual Income
Households with Children
With Children:
Without Children:
Marital Status
Blue vs White Collar Workers
Blue Collar:
White Collar:
Each property is carefully analyzed to highlight unique features, ensuring a tailored experience for every buyer or seller.