The typical owner-occupied home in Brook Park is worth about $104,700, 68% below the Minnesota median of $329,300 and 69% below the national median of $332,700. Owners pay a median $882 a year in property taxes, about 0.84% of their home's value, lower than the Minnesota rate of 1.02%. 59% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Brook Park at a glance
| Brook Park | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $104,700 | $329,300 | $332,700 |
| Median property tax paid per year | $882 | $3,357 | $3,119 |
| Property tax as a share of value | 0.84% | 1.02% | 0.94% |
| Median household income | – | $89,062 | $80,734 |
| Homes lived in by their owners | 59% | 72% | 65% |
| Owner homes with a mortgage | 55% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,607 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 19.7% | 21.0% |
| Median rent | $1,083 | $1,280 | $1,413 |
| Rent as a share of renters' income | 42.5% | 29.2% | 30.6% |
| Median year homes were built | 1972 | 1979 | 1980 |
| Vacant homes | 9.3% | 9.3% | 10.1% |
| Population | 143 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Brook Park
At this week's average 30-year rate of 7.11%, buying the median Brook Park home of $104,700 with 20% down costs about $680 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $855, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $29,159 for the 20%-down payment.
The median rent here is $1,083 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,940 |
|---|---|
| Loan amount | $83,760 |
| Principal and interest | $563 |
| Property taxes (0.84% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $680 |
Change the numbers in the calculator
| Down payment | $3,664 |
|---|---|
| Loan amount | $102,804 |
| Principal and interest | $692 |
| Property taxes (0.84% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $855 |
Change the numbers in the calculator
Questions about home buying in Brook Park
What is the median home value in Brook Park?
About $104,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Brook Park?
Homeowners pay a median $882 a year, which is about 0.84% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Brook Park?
For the median home with 20% down at 7.11%, the payment is about $680 a month. Keeping that under 28% of gross income takes about $29,159 a year.
More about Brook Park
- Mortgage Refinance in Brook Park
- Debt Relief in Brook Park
- Home Equity Loans in Brook Park
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data