The housing market in Brooklyn Center, MN is profitable and relatively stable. The median value of homes in the area is at $276,700, which is lower than the US median value of $338,100. In the past year, the appreciation rate for homes in Brooklyn Center was approximately 4.79%, much lower than the national average of 8.27%. Despite this difference, investing in a home here can be a wise decision; the market is not overly volatile and provides a good return on investment.
The median home cost in Brooklyn Center is $276,700. Home appreciation the last 10 years has been 89.0%. Home Appreciation in Brooklyn Center is up 7.1%.
Average Age of Homes
- The median age of Brooklyn Center real estate is 54 years old
The Rental Market in Brooklyn Center
- Renters make up 35.6% of the Brooklyn Center population
- 0.3% of houses and apartments in Brooklyn Center, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.