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Brookfield

Learn about the people, housing, costs and businesses in Brookfield, New Jersey

Median Home$349,500
Median Rent$907/month
Population738
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing18% construction
Home Value Growth⬆⬆+20.3% over 2 years
Retirees27% of residentsabove average nationally
Homeowners76% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Brookfield
NJ

Frequently Asked Questions

What are today's mortgage rates in Brookfield?

As of today, the 30-year fixed mortgage rate for Brookfield is approximately 6.885% (6.921% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Brookfield?

The median home value in Brookfield is $350k. The median monthly rent is $907. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Brookfield?

Home values in Brookfield have increased 20.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Brookfield?

Based on a typical all-in ownership cost of $1,142/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Brookfield is $76k/year.

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What industries drive the economy in Brookfield?

The largest employment sectors in Brookfield are public administration (20%) and agriculture and mining (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.