Brooklyn Park appreciation rates and housing market information

Brooklyn Park housing market information

With a population of 67,388, 24,846 total housing units (homes and apartments), and a median house value of $233,541, Brooklyn Park real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Brooklyn Park, accounting for 60.12% of the city's housing units. Other types of housing that are prevalent in Brooklyn Park include large apartment complexes or high rise apartments (24.50%), row houses and other attached homes (12.74%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.59%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Brooklyn Park. Owner-occupied housing accounts for 72.02% of Brooklyn Park's homes, and 53.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brooklyn Park built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Brooklyn Park built from 1940-1969 (27.73%). A lesser amount of the housing stock also hails from 1995 and later (10.61%), and some were built from 1939 and earlier (10.61%).

Brooklyn Park home appreciation rates

Brooklyn Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brooklyn Park during the period has been just 6.10%, which is lower than % of US communities.

Over the last year, Brooklyn Park appreciation rates have trailed the rest of the nation. In the last twelve months, Brooklyn Park's appreciation rate has been -6.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brooklyn Park were at 0.33%, which equates to an annual appreciation rate of 1.32%.

Relative to Minnesota, our data show that Brooklyn Park's latest annual appreciation rate is higher than 5% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brooklyn Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brooklyn Park - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Brooklyn Park real estate investment or home purchase decisions.