Brockton appreciation rates and housing market information

Brockton housing market information

With 94,304 people, 34,837 houses or apartments, and a median cost of homes of $256,244, Brockton real estate values are some of the lowest in Massachusetts, although compared to real estate around the nation, Brockton homes are still considered rather expensive.

single-family detached homes are the single most common housing type in Brockton, accounting for 46.58% of the city's housing units. Other types of housing that are prevalent in Brockton include duplexes, homes converted to apartments, or other small apartment buildings (29.70%), large apartment complexes or high rise apartments (21.78%), and a few row houses and other attached homes (1.82%).

The most prevalent building size and type in Brockton are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 52.72% owning, and 43.95% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Brockton's housing was primarily built during this period, from the '40s through the '60s. A full 39.80% of the city's housing hails from this era. Other housing ages represented in Brockton include homes built between 1939 and earlier (34.40%), and housing constructed from 1970-1994 (24.32%). There's also some housing in Brockton built between 1995 and later (1.48%).

Brockton home appreciation rates

Brockton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brockton during the period has been just 6.07%, which is lower than % of US communities.

Over the last year, Brockton appreciation rates have trailed the rest of the nation. In the last twelve months, Brockton's appreciation rate has been -7.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brockton were at -1.17%, which equates to an annual appreciation rate of -4.68%.

Notably, Brockton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Massachusetts, our data show that Brockton's latest annual appreciation rate is higher than 9% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brockton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brockton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Brockton real estate investment or home purchase decisions.