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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 32,217 people, 11,294 houses or apartments, and a median cost of homes of $307,757, Brooklyn Center real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Brooklyn Center, accounting for 59.68% of the city's housing units. Other types of housing that are prevalent in Brooklyn Center include large apartment complexes or high rise apartments ( 29.47%), row houses and other attached homes ( 8.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.83%).
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 60.40% owning and 39.60% 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 67.18% of the city's housing hails from this era. Other housing ages represented in Brooklyn Center include homes built between 1970-1999 ( 26.38%) and housing constructed between 2000 and later ( 3.37%). There's also some housing in Brooklyn Center built before 1939 ( 3.06%).
Appreciation rates for homes in Brooklyn Center have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.95%, which ranks in the top 30% nationwide. This equates to an annual average Brooklyn Center house appreciation rate of 7.70%.
Over the last year, Brooklyn Center appreciation rates have trailed the rest of the nation. In the last twelve months, Brooklyn Center's appreciation rate has been 1.79%, 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 Center were at 2.27%, which equates to an annual appreciation rate of 9.37%.
Relative to Minnesota, our data show that Brooklyn Center's latest annual appreciation rate is lower than 70% 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.
$307,757
for Minnesota
for nation
11,294
$1,899 / per month