The story of this market
The typical home in ZIP 55429 sells for about $306,000, or $185 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,277 a month.
ZIP 55429 — Brooklyn Center
The housing market in 55429 remains affordable compared to the broader Twin Cities, with steady demand from first-time buyers and investors. While inventory remains tight, the market is characterized by stable price growth and consistent rental demand. Buyers should be aware of the specific challenges related to school district performance and property maintenance in this submarket.
This ZIP is well-suited for first-time homebuyers and investors seeking affordable entry points into the Twin Cities market, though it requires careful due diligence regarding property maintenance and local school performance.
Median prices moved up 2.4% year over year.
Homes spend a median of 32 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 11.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55429, Hennepin County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Brooklyn Center are higher than the national average, with property crime being the most frequently reported issue in the area.
Schools serving the area are part of the Brooklyn Center Community Schools district, which faces challenges regarding academic performance and resource allocation compared to neighboring suburban districts.
The area is generally at low risk for major natural disasters, though localized flooding can occur near Shingle Creek during heavy precipitation events.
Economic momentum is driven by proximity to Minneapolis and ongoing redevelopment efforts along the Bass Lake Road corridor, though large-scale corporate expansion is limited.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents benefit from direct access to I-94 and I-694, providing a 15-20 minute commute to downtown Minneapolis, with limited public transit options via Metro Transit bus routes.
The area features several local parks including Centennial Park and proximity to the Shingle Creek Regional Trail, offering walking and biking paths.
The rental market is characterized by high demand and a significant renter share, with steady rent growth driven by the area's affordability relative to the broader Twin Cities metro.
The local economy is anchored by retail, light industrial, and service-sector jobs, with many residents commuting to larger employment hubs in Minneapolis and the northern suburbs.
The area is served by a network of arterial roads and highways, with public transit provided by Metro Transit bus lines connecting to the regional light rail system.
Development is focused on infill projects and the modernization of aging commercial infrastructure along major thoroughfares.
Hennepin County Assessor manages property valuations, utilizing a mass appraisal system to determine annual tax liabilities.
Parcels are subject to Hennepin County, City of Brooklyn Center, and Brooklyn Center Community Schools district levies.
Property insurance premiums are stable, though the area's age of housing stock can influence rates for older homes.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Mall of America®4.615.8 mi
- Valleyfair4.219.7 mi
- Great Wolf Lodge | Minnesota3.915.3 mi
- Nickelodeon Universe4.515.8 mi
- Slick City Action Park4.53.9 mi
- U.S. Bank Stadium4.68 mi
- Grand Casino Arena4.614.7 mi
- Minneapolis Convention Center4.57.9 mi
- Minnesota State Fair4.710.7 mi
- Topgolf Brooklyn Center4.32.7 mi
- U.S. Bank Stadium4.68 mi
- Como Park Zoo & Conservatory4.711.2 mi
- Minneapolis Institute of Art4.88.6 mi
- Guthrie Theater4.87.8 mi
- AMC Rosedale 143.99.4 mi
- Minneapolis Institute of Art4.88.6 mi
- Science Museum of Minnesota4.614.9 mi
- Union Depot4.515.2 mi
- University of Minnesota Landscape Arboretum4.819.7 mi
- Walker Art Center4.57.7 mi
- Como Park Zoo & Conservatory4.711.2 mi
- Minneapolis Sculpture Garden4.77.6 mi
- Lake Harriet Regional Park4.810.1 mi
- Elm Creek Park Reserve4.76.5 mi
- Boom Island Park4.76.6 mi
- PropMD4.97.3 mi
- Topgolf Brooklyn Center4.32.7 mi
- National Sports Center4.58.2 mi
- Edinburgh USA4.42.8 mi
- The Minikahda Club4.49 mi
- Puttery4.77.2 mi
- Rosedale Center4.39.3 mi
- Ridgedale Center4.48.6 mi
- Karmel Mall4.19 mi
- Minneapolis-Saint Paul International Airport4.414.4 mi
- Shoyu3.714.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with sports fields and picnic areas.
Extensive paved trail system for walking and cycling.
Primary local retail hub serving the immediate community.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).