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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Brooklyn Park, MN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Brooklyn Park, MN Housing Market Trends

With a population of 83,324, 29,603 total housing units (homes and apartments), and a median house value of $327,384, 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%).

Brooklyn Park Home Appreciation Rates

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 90.04%, which ranks in the top 40% nationwide. This equates to an annual average Brooklyn Park house appreciation rate of 6.63%.

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 1.95%, 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 -2.13%, which equates to an annual appreciation rate of -8.26%.

Notably, Brooklyn Park's appreciation rate in the latest quarter is one of the lowest in America.

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.

Average Home Values

Median Home Value

$327,384

Brooklyn Park, MN Home Prices
> $1,220,000
$915,001 - $1,220,000
$610,001 - $915,000
$488,001 - $610,000
$366,001 - $488,000
$244,001 - $366,000
$122,001 - $244,000
$61,001 - $122,000
$0 - $61,000
0.5%
0.5%
0.4%
0.4%
5.3%
5.3%
9.7%
9.7%
26.1%
26.1%
39.1%
39.1%
14.4%
14.4%
0.8%
0.8%
3.6%
3.6%
0% 100.0%
% of Homes
High

for Minnesota

High

for nation

Number of Homes And Apartments:

29,603

Brooklyn Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,103 / per month

Homeownership Rate

Owners
Renters
68.9%
68.9%
31.1%
31.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.9%
2.9%
97.1%
97.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.8%
17.8%
57.3%
57.3%
22.2%
22.2%
2.6%
2.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.9%
57.9%
13.5%
13.5%
2.8%
2.8%
25.8%
25.8%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.0%
3.0%
13.1%
13.1%
21.9%
21.9%
26.4%
26.4%
26.4%
26.4%
9.2%
9.2%
0% 100.0%
% of Homes