Brooklyn Center, Minnesota Real Estate & Housing Market

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Brooklyn Center Housing Information

Index	Brooklyn Center	Minnesota	National
Median home price	$140,000	$191,500	$184,700
Median rent asked	$930	$873	$949
Avg. people per household	2.8	2.4	2.6
Owner occupied households	60.4%	71.4%	63.6%
Renter occupied households	39.6%	28.6%	36.4%

A general overview of the Brooklyn Center, MN real estate market is displayed above. The median home price for homes in Brooklyn Center, MN is $140,000, which is 27% lower than the Minnesota average. This means that real estate in the Brooklyn Center, MN area is generally more affordable than the rest of Minnesota. The median rent price in Brooklyn Center, MN is $930 which is 7% higher than the Minnesota average. In Brooklyn Center, MN, 60.4% of people are home owners and an average of 2.8 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Brooklyn Center, MN. We make it easy to find Brooklyn Center, MN real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Brooklyn Center Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Brooklyn Center, MN. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Brooklyn Center, MN is $140,000 and the median household income is $46,400. This results in a home price to income ratio of 3.0x, which is equal to the Minnesota average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Brooklyn Center, MN are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Brooklyn Center, MN.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Hilltop, MN	799	$11,100	94%
South End, MN	26	$32,500	82%
St. Anthony city (Stearns County), MN	106	$80,000	57%
Columbia Heights, MN	19,689	$155,300	16%
Lexington, MN	1,965	$155,400	16%
Brooklyn Center, MN	30,785	$140,000	24%

Cities with similar population

City, State	Population	Home Price	National Avg.
Holladay, UT	30,793	$355,300	92%
Oceanside, NY	30,813	$437,300	137%
Granger, IN	30,819	$198,300	7%
Dover, NH	30,750	$238,100	29%
Saratoga, CA	30,830	$1,742,900	844%
Brooklyn Center, MN	30,785	$140,000	24%

Source: The Brooklyn Center, MN housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).