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Brooklyn Park

Learn about the people, housing, costs and businesses in Brooklyn Park, Maryland

Median Home$273,958
Median Rent$1,430/month
Population15,980
Leading IndustriesWholesale Trade · Finance & Insurance · Information & Media14% wholesale trade
Home Value Growth⬆⬆+12.6% over 2 years
Young Adults28% of residentsnear the national average
Homeowners80% of occupied units
NotableHigh Incomes$88k/year · top 27% nationally
Brooklyn Park
MD

Frequently Asked Questions

What are today's mortgage rates in Brooklyn Park?

As of today, the 30-year fixed mortgage rate for Brooklyn Park is approximately 6.963% (7.002% 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 Brooklyn Park?

The median home value in Brooklyn Park is $274k. The median monthly rent is $1,430. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Brooklyn Park?

Home values in Brooklyn Park have increased 12.6% 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 Brooklyn Park?

Based on a typical all-in ownership cost of $1,331/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Brooklyn Park is $88k/year.

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What industries drive the economy in Brooklyn Park?

The largest employment sectors in Brooklyn Park are public administration (20%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.