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Brookfield

Learn about the people, housing, costs and businesses in Brookfield, Massachusetts

Median Home$365,450
Median Rent$1,014/month
Population4,954
Leading IndustryManufacturing1% of local workforce
Home Value Growth+6.8% over 2 years
Retirees21% of residentsslightly above average
Homeowners89% of occupied units
Brookfield
MA

Frequently Asked Questions

What are today's mortgage rates in Brookfield?

As of today, the 30-year fixed mortgage rate for Brookfield is approximately 6.910% (6.947% 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 $365k. The median monthly rent is $1,014. Annual property taxes average $4k. 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 6.8% over the past two years. This represents moderate growth. 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 $1,282/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Brookfield is $74k/year.

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What industries drive the economy in Brookfield?

The largest employment sectors in Brookfield are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.