Brookline appreciation rates and housing market information

Brookline housing market information

With 57,061 people, 26,388 houses or apartments, and a median cost of homes of $791,998, Brookline house prices are not only among the most expensive in Massachusetts, Brookline real estate also is some of the most expensive in all of America.

large apartment complexes or high rise apartments are the single most common housing type in Brookline, accounting for 53.57% of the town's housing units. Other types of housing that are prevalent in Brookline include duplexes, homes converted to apartments, or other small apartment buildings (25.21%), single-family detached homes (17.25%), and a few row houses and other attached homes (3.94%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

People in Brookline primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Brookline has a mixture of owner-occupied and renter-occupied housing.

The housing in Brookline was primarily built before 1939 (52.73%), making the housing stock in Brookline some of the older overall in America, although there is a range of ages of homes in Brookline. The next most important Brookline housing age is 1940-1969 (30.28%), followed by 1970-1994 (16.25%). There's also some housing in Brookline built between 1995 and later (.74%).

Brookline home appreciation rates

In the last 10 years, Brookline has experienced some of the highest home appreciation rates of any community in the nation. Brookline real estate appreciated 121.63% over the last ten years, which is an average annual home appreciation rate of 12.16%, putting Brookline in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brookline definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Brookline appreciation rates have trailed the rest of the nation. In the last twelve months, Brookline's appreciation rate has been -1.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brookline were at 0.34%, which equates to an annual appreciation rate of 1.36%.

Relative to Massachusetts, our data show that Brookline's latest annual appreciation rate is higher than 95% 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 town. Individual neighborhoods within Brookline differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brookline - 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 Brookline real estate investment or home purchase decisions.