Housing in Brookfield, MN is significantly lower than the median value of houses across the United States. The median value of a house in Brookfield, MN is $238,700, compared to the US median value of $338,100. Despite the gap between housing value averages, Brookfield still has seen appreciation over the past year. Year-over-year appreciation was 7.05%, which is slightly below the national average of 8.27%. This marks a positive trend for those looking to invest in housing in Brookfield and implies that prices remain fair despite their lower-than-average overall value.
The median home cost in Brookfield is $238,700. Home appreciation the last 10 years has been 88.8%. Home Appreciation in Brookfield is up 11.1%.
Average Age of Homes
- The median age of Brookfield real estate is 52 years old
The Rental Market in Brookfield
- Renters make up 9.1% of the Brookfield population
- 0.0% of houses and apartments in Brookfield, 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.