Brooklyn Center, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brooklyn Center Neighborhoods Since 2000




Brooklyn Center, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Brooklyn Center Housing Market Information

With a population of 30,770, 10,996 total housing units (homes and apartments), and a median house value of $177,582, 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 62.23% of the city's housing units. Other types of housing that are prevalent in Brooklyn Center include large apartment complexes or high rise apartments ( 27.93%), row houses and other attached homes ( 7.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.76%).

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 61.36% owning and 38.64% 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 61.43% of the city's housing hails from this era. Other housing ages represented in Brooklyn Center include homes built between 1970-1999 ( 33.55%) and housing constructed before 1939 ( 3.99%). There's also some housing in Brooklyn Center built between 2000 and later ( 1.02%).

Brooklyn Center Home Appreciation Rates

Brooklyn Center's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brooklyn Center during the period has been just -1.84%, which is lower than 80% of US communities.

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 8.20%, which is higher than appreciation rates in 87.71% 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 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Brooklyn Center's latest annual appreciation rate is higher than 90% 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:
$177,582

Brooklyn Center, MN HOME PRICES

Value Range
> $1,295,000 0.2
$971,001 - $1,295,000 0.3
$648,001 - $971,000 0.2
$518,001 - $648,000 1.1
$389,001 - $518,000 2.4
$259,001 - $389,000 5.5
$129,001 - $259,000 73.6
$65,001 - $129,000 12.3
$0 - $65,000 4.5

Average for MN
High for Nation

Value Relative to Nation Value Relative to State
38.98980428923 52.1560574948665

Number Of Homes And Apartments:
10,996

Brooklyn Center Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.96% 1.30% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,160 / per month

Homeownership Rate

Homeownership
Owners 61.36
Renters 38.64
Vacant 6.76

Housing Market Details

 

Age of Homes

AGE OF Brooklyn Center HOMES
2000 or Newer 1.0
1970 - 1999 33.6
1940 - 1969 61.4
1939 or Older 4.0

Types of Homes

TYPE OF Brooklyn Center HOMES
Single-Family 62.2
Townhomes 7.9
Small Apt. Buildings 1.8
Apt. Complexes 27.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Brooklyn Center HOMES
No Bedroom 1.12
1 Bedroom 14.27
2 Bedrooms 27.77
3 Bedrooms 39.23
4 Bedrooms 14.36
5 or more bedrooms 3.26