Mill Basin is a quiet suburb in Brooklyn, located in the peninsula, which is, perhaps, the most suburban portion of the area. Families living in this area are here because they want to live in an area that has room for their children to play, with a relatively low crime rate in comparison to other areas. Mill Basin real estate comes with a hefty price tag, and has been on the rise recently.
To get a better idea about the population in Mill Basin, let’s explore their incomes and ages. There are over 86,000 people living in the city, an increase of 12 percent since 1990. The average number of people living in each household is just under three. The average yearly household income is almost $76,000, while the median household income is $64, 564 per year. Since 2000, the yearly income of these residents has increased by an amazing 22 percent. The median age of people living in Mill Basin is 38 years of age.
Now let’s explore Mill Basin real estate. The average listing price of homes in the Mill Basin area is just over $1.1 million, although the median selling price is only $677,200. Both of these figures are up from the previous years. Of course, home prices vary greatly by square footage. Buyers should expect to pay at least $307 per square foot for a home in the community of Mill Basin.
Crime rates are relatively low in the area, when compared to other areas. Residents report a general feeling of being safe in the community of Mill Basin.
On the average, Mill Basin real estate prices have steadily increased over the last year. The Mill Basin community contains rows of houses with well-trimmed lawns and tree-lined streets. This is a family-oriented community with plenty of room for children to frolic outdoors. Crime rates are very low compared to other areas. Home buyers should expect to pay around $307 per square foot of living space when looking at homes in this area.