Brooklyn Park, MN—55445
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 $353,000, with a year-over-year change of 1.6%. This indicates that home prices in Brooklyn Park, MN are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $353,000 | 1.6% |
| Single Family | $359,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $221,000 | 0.0% |
3 Bed | $351,000 | 2.0% |
4 Bed | $403,000 | 0.8% |
| 5 Bed | $466,000 | 0.0% |
% of Housing Stock
Rental Trends — Brooklyn Park, MN
As of July '25, Rentcast reports the average rent in Brooklyn Park, MN is $2,200, with a year-over-year rent change of -16.3%. Per bedroom, the median rent as of July '25 in Brooklyn Park, MN is 1-bedrooms: $1,500, 2-bedrooms: $1,730, 3-bedrooms: $2,500. The most common rental property sizes in Brooklyn Park, MN are 2-bedroom and 1-bedroom, accounting for 51.2% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,410 | $1,500 |
| 2 Bed Rent | $1,670 | $1,730 |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% 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 44. This is a decrease of -6.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -1.0% |
Listing Count | 38 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 44 | -6.0% |
Demographics — Brooklyn Park, MN
As of the latest ACS Survey released in 2023, Brooklyn Park, MN has a population of 13,500, which has increased by 11.5% over the past 5 years. Brooklyn Park, MN is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,500 | 11.5% |
% Under 18 | 28.2% | -1.4% |
% Seniors | 12.8% | -5.9% |
% WFH | 14.6% | 256.1% |
% w/ College Degree | 38.3% | 5.5% |
As of the latest ACS Survey released in 2023, Brooklyn Park, MN is a predominantly white area, with 42.0% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Brooklyn Park, MN is asian, making up 22.4% of the population. Foreign-born residents account for 24.9% of the population in Brooklyn Park, MN, and this percentage has increased by 7.8% 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 | 42.0% | -6.9% |
% Black | 19.7% | -12.8% |
% Hispanic | 7.4% | 60.9% |
% Asian | 22.4% | -18.2% |
% Foreign Born | 24.9% | 7.8% |
Mortgage and Risk — Brooklyn Park, MN
According to HUD data as of 2023, there were 252 mortgage originations in Brooklyn Park, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Brooklyn Park, MN. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 252 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Brooklyn Park, MN
Brooklyn Park, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 121 |
Total Units Section 8 | 121 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $660 | $1,410 | $2,070 |
| 2 Bedroom | $860 | $1,670 | $2,530 |
| 3 Bedroom | $870 | $2,500 | $3,370 |
| 4 Bedroom | N/A | N/A | $3,770 |
Affordability — Brooklyn Park, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $353,000 |
| Median Household Income | $103,000 |