Brooklyn Center, MN—55429
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brooklyn Center, MN
As of Oct '25, the median home price in Brooklyn Center, MN is $295,000, with a year-over-year change of 1.9%. This indicates that home prices in Brooklyn Center, MN are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 1.9% |
| Single Family | $297,000 | 1.7% |
| Condos | $141,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | 0.8% |
3 Bed | $295,000 | 1.7% |
4 Bed | $324,000 | 1.2% |
| 5 Bed | $350,000 | 1.4% |
% of Housing Stock
Rental Trends — Brooklyn Center, MN
As of July '25, Rentcast reports the average rent in Brooklyn Center, MN is $1,770, with a year-over-year rent change of 13.5%. Per bedroom, the median rent as of July '25 in Brooklyn Center, MN is studios: $989, 1-bedrooms: $1,140, 2-bedrooms: $1,500, 3-bedrooms: $2,270, 4-bedrooms: $2,500. The most common rental property sizes in Brooklyn Center, MN are 1-bedroom and 2-bedroom, accounting for 34.8% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,570 | $1,770 |
| Studio Rent | $989 | $989 |
| 1 Bed Rent | $1,100 | $1,140 |
| 2 Bed Rent | $1,570 | $1,500 |
| 3 Bed Rent | $2,200 | $2,270 |
| 4 Bed Rent | $2,530 | $2,500 |
% of Rental Stock
Property Listings — Brooklyn Center, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Brooklyn Center, MN is 30. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer 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 | $285,000 | -9.0% |
Listing Count | 58 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 30 | 16.0% |
Demographics — Brooklyn Center, MN
As of the latest ACS Survey released in 2023, Brooklyn Center, MN has a population of 27,600, which has remained stable by -0.1% over the past 5 years. Brooklyn Center, MN is a popular place for families, as children make up 30.0% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | -0.1% |
% Under 18 | 30.0% | 11.5% |
% Seniors | 11.0% | 10.0% |
% WFH | 12.2% | 408.3% |
% w/ College Degree | 24.1% | 18.1% |
As of the latest ACS Survey released in 2023, Brooklyn Center, MN is a predominantly black area, with 34.3% of the population identifying as black. The black population has grown by 9.6% in the last 5 years. The second most common race or ethnicity in Brooklyn Center, MN is white, making up 33.8% of the population. Foreign-born residents account for 24.2% of the population in Brooklyn Center, MN, and this percentage has decreased by 0.4% 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 | 33.8% | -17.4% |
% Black | 34.3% | 9.6% |
% Hispanic | 11.2% | -3.4% |
% Asian | 15.3% | 15.9% |
% Foreign Born | 24.2% | -0.4% |
Mortgage and Risk — Brooklyn Center, MN
According to HUD data as of 2023, there were 480 mortgage originations in Brooklyn Center, MN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Brooklyn Center, MN. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 480 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Brooklyn Center, MN
As of 2024, the percent of homes in Brooklyn Center, MN under the Section 8 program is 12.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Brooklyn Center, MN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 511 |
Total Units Section 8 | 511 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 90.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,100 | $1,270 |
| 2 Bedroom | -$20 | $1,570 | $1,550 |
| 3 Bedroom | -$140 | $2,200 | $2,060 |
| 4 Bedroom | -$220 | $2,530 | $2,310 |
Affordability — Brooklyn Center, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $295,000 |
| Median Household Income | $66,700 |