Home Values

Brooklyn Park Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$180,200

  • 6.9% 1-year change
  • 2.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Brooklyn Park is $180,200. Brooklyn Park home values have gone up 6.9% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Brooklyn Park is $142, which is lower than the Minneapolis-St Paul Metro average of $163. The median price of homes currently listed in Brooklyn Park is $193,400 while the median price of homes that sold is $184,600.

Foreclosures will be a factor impacting home values in the next several years. In Brooklyn Park 7.1 homes are foreclosed (per 10,000). This is greater than the Minneapolis-St Paul Metro value of 4.0 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Brooklyn Park is 4.7%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Brooklyn Park homeowners underwater on their mortgage is 19.1%, which is higher than Minneapolis-St Paul Metro at 15.6%.

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Relative ZHVI
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Brooklyn Park Market Overview

Data through Dec 31, 2014
  • $180,200 ZHVI
  • 2.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $193,400 Median listing price
  • $184,600 Median sale price
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Brooklyn Park Market Health

Data through Dec 31, 2014
  • 1.5/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 19.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.1 homes Brooklyn Park
4 homes Minneapolis-St Paul Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Champlin $199,400
New Hope $195,100
Coon Rapids $169,100
Name Median ZHVI
Spring Lake Park $166,200
Crystal $162,100
Osseo $161,700
Name Median ZHVI
Robbinsdale $161,700
Fridley $158,500
Brooklyn Center $144,700

Listings & Sales

Data through Dec 31, 2014
  • $142 Median list price / sq ft
  • $140 Median sale price / sq ft
  • 22.1% Listings with price cut
29.1%
Sold below listing
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Brooklyn Park Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,439 Brooklyn Park
    $1,501 Minneapolis-St Paul Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.03 Rent list price / sq ft
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