Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 83,324 people, 29,603 houses or apartments, and a median cost of homes of $340,595, Brooklyn Park real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Brooklyn Park, accounting for 57.86% of the city's housing units. Other types of housing that are prevalent in Brooklyn Park include large apartment complexes or high rise apartments ( 25.76%), row houses and other attached homes ( 13.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.75%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brooklyn Park. Owner-occupied housing accounts for 68.92% of Brooklyn Park's homes, and 52.78% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Brooklyn Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Brooklyn Park built between 1940-1969 ( 22.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.83%). There's also some housing in Brooklyn Park built before 1939 ( 2.62%).
Appreciation rates for homes in Brooklyn Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.80%, which ranks in the top 50% nationwide. This equates to an annual average Brooklyn Park house appreciation rate of 6.56%.
Over the last year, Brooklyn Park appreciation rates have trailed the rest of the nation. In the last twelve months, Brooklyn Park's appreciation rate has been 1.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brooklyn Park were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Brooklyn Park's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brooklyn Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brooklyn Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Brooklyn Park real estate investment or home purchase decisions.
$340,595
for Minnesota
for nation
29,603
$2,201 / per month