There are currently 7,362 real estate properties in Brooklyn Center, MN, with a median automated valuation model (AVM) price of $259,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Brooklyn Center, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Brooklyn Center, MN, is $259,563.00, with the most expensive house in Brooklyn Center, MN, topping out at $2,162,800.00 and the cheapest home in Brooklyn Center, MN, clocking in at $78,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Brooklyn Center, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Brooklyn Center, MN, is on a rollercoaster ride. The average rent price in Brooklyn Center, MN, is $1,548.00. Indeed, when looking to rent in Brooklyn Center, MN, you can expect to pay as little as $720.00 or as much as $2,860.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Brooklyn Center, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Brooklyn Center, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Brooklyn Center, MN and much more. Save thousands at closing with home foreclosure listings in Brooklyn Center, MN — up to 75% off market value!
Brooklyn Center is located in Hennepin, Minnesota, with an estimated municipal population of 30,690 residents. All of the best foreclosed homes for sale in Brooklyn Center are located in the following zip code areas on Foreclosure.com: 55429 55430. The estimated population per square kilometer (.62 miles) in Brooklyn Center is 1,480.
So, about how much do homes cost in Brooklyn Center? The most recent median value of resident-owned homes in Brooklyn Center is 172,898. An estimated 60.7 percent of households in Brooklyn Center own their homes, with an average family size of 3.61. The median household income in Brooklyn Center is 59,550, with20.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Brooklyn Center, the median commute time of resident workers (in minutes) is 24.7. And last, but certainly not least, are you looking for homes to rent in Brooklyn Center? If so, the average rent price paid by renters in Brooklyn Center is 1,083, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Brooklyn Center, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Brooklyn Center is 31.9, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Brooklyn Center is 40, with an average family size of 3.61.
The percentage of residents who report their race in Brooklyn Center is as follows:
|Black / African American||29%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Brooklyn Center? Or maybe you are searching for 55+ active adult communities in and/or near Brooklyn Center?
The percentage of residents who report their age in Brooklyn Center is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Brooklyn Center with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Brooklyn Center.
How do you know that living in -- or moving to -- Brooklyn Center is right where you need to be? Perhaps you grew up in Brooklyn Center or already live nearby; therefore, the decision to buy a home in Brooklyn Center is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Brooklyn Center for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Brooklyn Center:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Brooklyn Center.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Brooklyn Center can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Brooklyn Center, meanwhile, can field multiple offers from more qualified buyers.
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