Brooklyn, MI—49230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brooklyn, MI
As of Oct '25, the median home price in Brooklyn, MI is $277,000, with a year-over-year change of 3.5%. This indicates that home prices in Brooklyn, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $277,000 | 3.5% |
| Single Family | $283,000 | 3.7% |
| Condos | $110,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $173,000 | 6.8% |
2 Bed | $228,000 | 3.6% |
3 Bed | $302,000 | 4.5% |
4 Bed | $388,000 | 3.2% |
| 5 Bed | $454,000 | 4.4% |
% of Housing Stock
Rental Trends — Brooklyn, MI
As of July '25, Rentcast reports the average rent in Brooklyn, MI is $1,010, with a year-over-year rent change of 3.6%. Per bedroom, the median rent as of July '25 in Brooklyn, MI is 1-bedrooms: $965, 2-bedrooms: $1,090. The most common rental property sizes in Brooklyn, MI are 3-bedroom and 2-bedroom, accounting for 35.5% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $965 |
| 2 Bed Rent | $1,100 | $1,090 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Brooklyn, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Brooklyn, MI is 56. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -5.0% |
Listing Count | 66 | -18.0% |
| Listings as % of Homes | 0.5% | -18.0% |
Days on Market | 56 | -11.0% |
Demographics — Brooklyn, MI
As of the latest ACS Survey released in 2023, Brooklyn, MI has a population of 10,300, which has remained stable by 0.0% over the past 5 years. Brooklyn, MI is a moderately popular place for families, as children make up 16.1% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,300 | 0.0% |
% Under 18 | 16.1% | -16.6% |
% Seniors | 28.2% | 9.3% |
% WFH | 13.5% | 440.0% |
% w/ College Degree | 26.5% | 11.3% |
As of the latest ACS Survey released in 2023, Brooklyn, MI is a predominantly white area, with 93.9% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Brooklyn, MI is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.6% of the population in Brooklyn, MI, and this percentage has decreased by 27.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.9% | 0.3% |
% Black | 0.8% | -52.9% |
% Hispanic | 0.9% | -62.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.6% | -27.3% |
Mortgage and Risk — Brooklyn, MI
According to HUD data as of 2023, there were 181 mortgage originations in Brooklyn, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Brooklyn, MI. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 181 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Brooklyn, MI
Brooklyn, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $895 | $1,120 |
| 2 Bedroom | $230 | $1,100 | $1,330 |
| 3 Bedroom | N/A | N/A | $1,610 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Brooklyn, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $277,000 |
| Median Household Income | $81,100 |