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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|AGE OF Brooklyn Center HOMES|
|2000 or Newer||1.5|
|1970 - 1999||34.3|
|1940 - 1969||59.2|
|1939 or Older||4.9|
|TYPE OF Brooklyn Center HOMES|
|Small Apt. Buildings||2.0|
|SIZE OF Brooklyn Center HOMES|
|5 or more bedrooms||2.96|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2016 Q3
|* 10 is highest|