Brooklyn Park, MN—55443
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brooklyn Park, MN
As of Oct '25, the median home price in Brooklyn Park, MN is $379,000, with a year-over-year change of 0.8%. This indicates that home prices in Brooklyn Park, MN are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $379,000 | 0.8% |
| Single Family | $384,000 | 0.5% |
| Condos | $243,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $288,000 | 0.7% |
3 Bed | $351,000 | 0.9% |
4 Bed | $444,000 | 0.2% |
| 5 Bed | $497,000 | 0.0% |
% of Housing Stock
Rental Trends — Brooklyn Park, MN
As of July '25, Rentcast reports the average rent in Brooklyn Park, MN is $1,780, with a year-over-year rent change of -3.3%. Per bedroom, the median rent as of July '25 in Brooklyn Park, MN is studios: $1,250, 1-bedrooms: $1,050, 2-bedrooms: $1,230, 3-bedrooms: $2,560, 4-bedrooms: $2,740. The most common rental property sizes in Brooklyn Park, MN are 1-bedroom and 2-bedroom, accounting for 45.9% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,780 |
| Studio Rent | $969 | $1,250 |
| 1 Bed Rent | $950 | $1,050 |
| 2 Bed Rent | $1,100 | $1,230 |
| 3 Bed Rent | $2,500 | $2,560 |
| 4 Bed Rent | $2,700 | $2,740 |
% of Rental Stock
Property Listings — Brooklyn Park, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Brooklyn Park, MN is 43. This is a increase of 4.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | -3.0% |
Listing Count | 115 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 43 | 4.0% |
Demographics — Brooklyn Park, MN
As of the latest ACS Survey released in 2023, Brooklyn Park, MN has a population of 33,300, which has increased by 4.9% over the past 5 years. Brooklyn Park, MN is a popular place for families, as children make up 27.4% of the population. The area has a moderately educated workforce, with 36.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,300 | 4.9% |
% Under 18 | 27.4% | -4.5% |
% Seniors | 13.7% | 15.1% |
% WFH | 16.3% | 201.9% |
% w/ College Degree | 36.1% | -1.6% |
As of the latest ACS Survey released in 2023, Brooklyn Park, MN is a predominantly white area, with 40.1% of the population identifying as white. The white population has shrunk by 21.4% in the last 5 years. The second most common race or ethnicity in Brooklyn Park, MN is black, making up 30.1% of the population. Foreign-born residents account for 24.5% of the population in Brooklyn Park, MN, and this percentage has increased by 22.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.1% | -21.4% |
% Black | 30.1% | 13.2% |
% Hispanic | 3.8% | 22.6% |
% Asian | 19.2% | 20.8% |
% Foreign Born | 24.5% | 22.5% |
Mortgage and Risk — Brooklyn Park, MN
According to HUD data as of 2023, there were 107 mortgage originations in Brooklyn Park, MN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Brooklyn Park, MN. Investor activity is low, as 4.0% 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 | 107 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Brooklyn Park, MN
As of 2024, the percent of homes in Brooklyn Park, MN under the Section 8 program is 9.6%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Brooklyn Park, MN, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 285 |
Total Units Section 8 | 285 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $950 | $1,310 |
| 2 Bedroom | $500 | $1,100 | $1,600 |
| 3 Bedroom | -$370 | $2,500 | $2,130 |
| 4 Bedroom | -$310 | $2,700 | $2,390 |
Affordability — Brooklyn Park, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $379,000 |
| Median Household Income | $88,200 |