It is named after Breukelen which is a Dutch city. Among the five boroughs of the New York City Brooklyn is one if them. It remained independent till 1898 after which it was consolidated to New York. According to the 2005 Census Brooklyn accommodates 583,922 families, 880,727 households and 2,486,235 people in total.

Different median incomes were $32,135 for households, $36,188 for families, $34,317 for males and $30,516 for females. Brooklyn had a per capita income of $16,775 with the whole population’s 25.1% and 22% of the families below the poverty line. The age distribution in Brooklyn is spread with 26.9% below 18yrs, 10.3% in between 18 to 24, 30.8% in between 25 to 44, 20.6% in between 45 to 64 and 11.5% of 65 and above. With a median age of 33 years Brooklyn has 88.4 males for each 100 females.

In the year 2006 a study conducted by the Neighborhood Economic Development Advocacy Project showed that the communities having lower income were afflicted more by subprime mortgages. In Brooklyn the foreclosures are concentrated in East New York, Flatbush and Bed-Stuy. 9000 homes were subjected to foreclosure in 2006, 50% greater than that occurred in the previous year.

Current listings show 1,989 foreclosures available in Brooklyn with a median price of $425,000 without any fluctuation from the month of July. No mew homes are found in Brooklyn right now. There are in total 2,767 homes for sale with a median price of $575,000 without any change from July and 4,455 Real Estate classifieds having $625,000 median price unchanged since July.