Brunswick appreciation rates and housing market information

Brunswick housing market information

With 33,391 people, 12,263 houses or apartments, and a median cost of homes of $182,893, Brunswick real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Brunswick, accounting for 75.22% of the city's housing units. Other types of housing that are prevalent in Brunswick include large apartment complexes or high rise apartments (15.19%), row houses and other attached homes (7.07%), and a few duplexes, homes converted to apartments, or other small apartment buildings (2.37%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Brunswick. Owner-occupied housing accounts for 78.53% of Brunswick's homes, and 75.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brunswick built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Brunswick built from 1940-1969 (30.34%). A lesser amount of the housing stock also hails from 1995 and later (14.23%), and some were built from 1939 and earlier (14.23%).

Brunswick home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Brunswick, where house values have increased just 30.47%, which is an average annual increase of 3.04%. NeighborhoodScout's data show that in the latest quarter, Brunswick house values appreciated 2.54%, which is an annualized rate of 10.16%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

Over the last year, Brunswick appreciation rates have trailed the rest of the nation. In the last twelve months, Brunswick's appreciation rate has been -0.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brunswick were at 2.54%, which equates to an annual appreciation rate of 10.16%.

Importantly, this makes Brunswick one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Brunswick's latest annual appreciation rate is higher than 22% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brunswick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brunswick - 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 Brunswick real estate investment or home purchase decisions.