Why is Park Slope so expensive?

Park Slope's prices reflect scarcity meeting demand. Its housing stock is dominated by historic brownstones that rarely come to market, and much of the neighborhood sits within a protected historic district that limits new development. Add a top-tier public school system (PS 321 and PS 107 are especially sought after), Prospect Park as a backyard, fast transit to Manhattan, and a walkable restaurant-and-shopping corridor along Fifth and Seventh Avenues, and you have sustained demand chasing limited inventory. That combination keeps Park Slope among the most expensive neighborhoods in Brooklyn, and keeps home values resilient.