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Brook Park city, MN

ZIP 55007 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55007

Median Home Value
$223,500
Median Rent
$788
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,436/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55007 in Brook Park city, MN, a household would need roughly $62,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,436. That is roughly in line with the local median household income ($66,875). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
93.0%+42% vs US avg
x
Vacancy Rate
22.3%+117% vs US avg
x
Broadband Access
86.3%-1% vs US avg
x
4+ Bedrooms
1.3%-91% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
2.8%-59% vs US avg
x
Rent Burden >30%
28.1%-43% vs US avg
x
Mortgage-Free
43.5%+14% vs US avg
x
$223,500
Home Value
$788
Rent
1988
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached84.6%
  • 1-unit attached0.0%
  • 2-9 units1.0%
  • 10+ units0.0%
  • Mobile home & other14.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$223,500
Median rent$788
Owner-occupied93.0%
Vacant22.3%
Price-to-income3.3x
Est. income to buy$62,000