Brooklyn Center, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brooklyn Center Neighborhoods Since 2000




Brooklyn Center, MN Real Estate Data


Brooklyn Center Housing Market Information

With a population of 30,770, 11,135 total housing units (homes and apartments), and a median house value of $178,111, Brooklyn Center 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 Center, accounting for 61.68% of the city's housing units. Other types of housing that are prevalent in Brooklyn Center include large apartment complexes or high rise apartments ( 27.08%), row houses and other attached homes ( 8.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.01%).

The most prevalent building size and type in Brooklyn Center are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.17% owning and 38.83% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Brooklyn Center's housing was primarily built during this period, from the '40s through the '60s. A full 59.24% of the city's housing hails from this era. Other housing ages represented in Brooklyn Center include homes built between 1970-1999 ( 34.34%) and housing constructed before 1939 ( 4.90%). There's also some housing in Brooklyn Center built between 2000 and later ( 1.52%).

Brooklyn Center Home Appreciation Rates

Homes have actually lost value in Brooklyn Center over the last then years, as home values have seen a decline of 20.33% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Brooklyn Center home appreciation rates at 2.70%, which equates to an annual appreciation rate of 11.26%.

Appreciation rates are so strong in Brooklyn Center that despite a nationwide downturn in the housing market, Brooklyn Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brooklyn Center appreciation rates continue to be some of the highest in America, at 5.92%, which is higher than appreciation rates in 73.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brooklyn Center. Brooklyn Center appreciation rates in the latest quarter were at 2.70%, which equates to an annual appreciation rate of 11.26%.

Importantly, this makes Brooklyn Center one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Minnesota, our data show that Brooklyn Center's latest annual appreciation rate is higher than 80% 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 Center differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brooklyn Center - 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 2000, to assist you in making the best Brooklyn Center real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$178,111

Brooklyn Center, MN HOME PRICES

Value Range
> $1,296,000 0.1
$972,001 - $1,296,000 0.0
$648,001 - $972,000 0.2
$518,001 - $648,000 0.7
$388,001 - $518,000 2.4
$259,001 - $388,000 5.9
$130,001 - $259,000 72.5
$65,001 - $130,000 13.3
$0 - $65,000 4.8

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
39.9601803595479 53.5934291581109

Number Of Homes And Apartments:
11,135

Rent & Ownership

 

Average Market Rent:
$1,149 / per month

Homeownership Rate

Homeownership
Owners 61.17
Renters 38.83
Vacant 7.29

Housing Market Details

 

Age of Homes

AGE OF Brooklyn Center HOMES
2000 or Newer 1.5
1970 - 1999 34.3
1940 - 1969 59.2
1939 or Older 4.9

Types of Homes

TYPE OF Brooklyn Center HOMES
Single-Family 61.7
Townhomes 9.0
Small Apt. Buildings 2.0
Apt. Complexes 27.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Brooklyn Center HOMES
No Bedroom 0.76
1 Bedroom 15.57
2 Bedrooms 27.95
3 Bedrooms 39.69
4 Bedrooms 13.07
5 or more bedrooms 2.96

Brooklyn Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
20.63% 1.11% 2 2
* 10 is highest