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Brooklyn Park

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

Median Home$334,062
Median Rent$1,621/month
Population83,876
Leading IndustriesRetail · Professional Services · Education18% retail
Home Value Growth+4.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners70% of occupied units
NotableHigh Incomes$101k/year · top 17% nationally
Brooklyn Park
MN

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 6.949% (6.987% 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 $334k. The median monthly rent is $1,621. Annual property taxes average $4k. 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 4.5% 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 Brooklyn Park?

Based on a typical all-in ownership cost of $1,628/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Brooklyn Park is $101k/year.

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What industries drive the economy in Brooklyn Park?

The largest employment sectors in Brooklyn Park are public administration (22%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.