Brooklyn Park, Brooklyn Center, MN—55430
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brooklyn Park, Brooklyn Center, MN
As of Oct '25, the median home price in Brooklyn Park, Brooklyn Center, MN is $273,000, with a year-over-year change of 1.0%. This indicates that home prices in Brooklyn Park, Brooklyn Center, MN are flat. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $273,000 | 1.0% |
| Single Family | $273,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $164,000 | -1.2% |
2 Bed | $222,000 | 0.5% |
3 Bed | $275,000 | 0.7% |
4 Bed | $313,000 | 0.6% |
| 5 Bed | $340,000 | 0.6% |
% of Housing Stock
Rental Trends — Brooklyn Park, Brooklyn Center, MN
As of July '25, Rentcast reports the average rent in Brooklyn Park, Brooklyn Center, MN is $1,680, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Brooklyn Park, Brooklyn Center, MN is 1-bedrooms: $1,160, 2-bedrooms: $1,430, 3-bedrooms: $2,070, 4-bedrooms: $2,600. The most common rental property sizes in Brooklyn Park, Brooklyn Center, MN are 2-bedroom and 1-bedroom, accounting for 48.2% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,160 | $1,160 |
| 2 Bed Rent | $1,300 | $1,430 |
| 3 Bed Rent | $2,100 | $2,070 |
| 4 Bed Rent | $2,500 | $2,600 |
% of Rental Stock
Property Listings — Brooklyn Park, Brooklyn Center, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Brooklyn Park, Brooklyn Center, MN is 25. This is a decrease of -18.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | 12.0% |
Listing Count | 55 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 25 | -18.0% |
Demographics — Brooklyn Park, Brooklyn Center, MN
As of the latest ACS Survey released in 2023, Brooklyn Park, Brooklyn Center, MN has a population of 22,600, which has decreased by -1.6% over the past 5 years. Brooklyn Park, Brooklyn Center, MN is a popular place for families, as children make up 26.7% of the population. The area has a moderately educated workforce, with 28.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,600 | -1.6% |
% Under 18 | 26.7% | -11.3% |
% Seniors | 10.4% | 11.8% |
% WFH | 14.3% | 429.6% |
% w/ College Degree | 28.8% | 50.8% |
As of the latest ACS Survey released in 2023, Brooklyn Park, Brooklyn Center, MN is a predominantly white area, with 33.4% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Brooklyn Park, Brooklyn Center, MN is black, making up 29.9% of the population. Foreign-born residents account for 21.8% of the population in Brooklyn Park, Brooklyn Center, MN, and this percentage has increased by 3.8% 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 | 33.4% | -7.5% |
% Black | 29.9% | 7.6% |
% Hispanic | 15.3% | 4.8% |
% Asian | 16.1% | 4.5% |
% Foreign Born | 21.8% | 3.8% |
Mortgage and Risk — Brooklyn Park, Brooklyn Center, MN
According to HUD data as of 2023, there were 409 mortgage originations in Brooklyn Park, Brooklyn Center, MN, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Brooklyn Park, Brooklyn Center, MN. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 409 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Brooklyn Park, Brooklyn Center, MN
As of 2024, the percent of homes in Brooklyn Park, Brooklyn Center, MN under the Section 8 program is 13.4%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Brooklyn Park, Brooklyn Center, MN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 325 |
Total Units Section 8 | 325 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,160 | $1,340 |
| 2 Bedroom | $330 | $1,300 | $1,630 |
| 3 Bedroom | $70 | $2,100 | $2,170 |
| 4 Bedroom | -$70 | $2,500 | $2,430 |
Affordability — Brooklyn Park, Brooklyn Center, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $273,000 |
| Median Household Income | $77,400 |