Brewton, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brewton, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Brewton Housing Market Information

With a population of 5,434, 2,126 total housing units (homes and apartments), and a median house value of $133,885, house prices in Brewton are solidly below the national average.

Single-family detached homes are the single most common housing type in Brewton, accounting for 81.09% of the city's housing units. Other types of housing that are prevalent in Brewton include duplexes, homes converted to apartments or other small apartment buildings ( 9.22%), large apartment complexes or high rise apartments ( 6.06%), and a few mobile homes or trailers ( 3.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brewton. Owner-occupied housing accounts for 65.77% of Brewton's homes, and 74.83% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brewton built from 1970 to 1999 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 Brewton built between 1940-1969 ( 35.21%). A lesser amount of the housing stock also hails from before 1939 ( 6.72%). There's also some housing in Brewton built between 2000 and later ( 6.45%).

Vacant housing appears to be an issue in Brewton. Fully 16.92% of the housing stock is classified as vacant. Left unchecked, vacant Brewton homes and apartments can be a drag on the real estate market, holding Brewton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Brewton Home Appreciation Rates

Brewton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brewton during the period has been just -0.34%, which is lower than 70% of US communities.

Over the last year, Brewton appreciation rates have trailed the rest of the nation. In the last twelve months, Brewton's appreciation rate has been 3.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brewton were at 2.19%, which equates to an annual appreciation rate of 9.03%.

Importantly, this makes Brewton 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 Alabama, our data show that Brewton's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$133,885

Brewton, AL HOME PRICES

Value Range
> $1,082,000 0.0
$812,001 - $1,082,000 0.0
$541,001 - $812,000 0.4
$433,001 - $541,000 0.3
$325,001 - $433,000 7.2
$216,001 - $325,000 8.7
$108,001 - $216,000 33.2
$54,001 - $108,000 31.8
$0 - $54,000 18.3

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
60.2699221265882 28.0

Number Of Homes And Apartments:
2,126

Brewton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
35.95% 1.75% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$888 / per month

Homeownership Rate

Homeownership
Owners 65.77
Renters 34.23
Vacant 16.92

Housing Market Details

 

Age of Homes

AGE OF Brewton HOMES
2000 or Newer 6.4
1970 - 1999 51.6
1940 - 1969 35.2
1939 or Older 6.7

Types of Homes

TYPE OF Brewton HOMES
Single-Family 81.1
Townhomes 0.4
Small Apt. Buildings 9.2
Apt. Complexes 6.1
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Brewton HOMES
No Bedroom 2.85
1 Bedroom 3.67
2 Bedrooms 17.12
3 Bedrooms 55.10
4 Bedrooms 19.73
5 or more bedrooms 1.52

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Zip Codes in Brewton, AL