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Think your rent’s gone up? Try buying a home in one of these 24 New York City neighborhoods, where sale prices have more than doubled over the past decade.
According to a new PropertyShark report, median home prices in select neighborhoods across all five boroughs soared between 2014 and 2024—and in some areas, they didn’t just rise, they rocketed.
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Leading the pack is Manhattan’s Two Bridges, where home prices skyrocketed a jaw-dropping 288-percent, jumping from $423,000 to a staggering $1.64 million. Blame (or credit) the glassy behemoth that is One Manhattan Square and its luxury siblings, which have redefined the neighborhood despite local pushback and fears of overdevelopment.
But Manhattan didn’t monopolize the boom. Across the East River, formerly flood-ravaged areas like Red Hook and Breezy Point saw massive gains, thanks in part to climate resiliency investments (and what some experts dub “climate gentrification”). Breezy Point’s median sale price rose 192-percent to $725,000, while Red Hook’s more than doubled to a jaw-dropping $1.975 million. Yes, the neighborhood once infamous for Hurricane Sandy’s wrath is now one of the priciest on the list.
Queens also made waves with Hamilton Beach (up 172-percent to $462,000) and Long Island City (up 132-percent to $667,000), the latter of which has turned into a glass-and-steel playground for professionals who prefer skyline views and quick commutes to Midtown.
Meanwhile, Brooklyn’s Gowanus, once home to more toxic sludge than townhouses, has become a poster child for gentrification and rezoning. Property taxes there jumped from $800 in 2014 to over $6,500 in 2024 and median sale prices more than doubled.
The trend isn’t just about luxe towers and Whole Foods openings. Staten Island’s Clifton and Midland Beach, the Bronx’s Parkchester and the Queens neighborhoods of Hollis and Rochdale also made the list, showing signs of so-called "pre-gentrification" as new transit, remote work and rezoning breathe new life (and price tags) into historically overlooked areas.
In short: If you bought in one of these neighborhoods a decade ago, congratulations—you’re sitting on gold-plated real estate. For the rest of us? Better start saving—or looking farther out on the subway map.