Brewton, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brewton, AL Real Estate Data


Brewton Housing Market Information

With 5,434 people, 2,209 houses or apartments, and a median cost of homes of $97,429, the cost of homes in Brewton is among some of the lowest in the nation. Compared to Alabama, however, Brewton real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Brewton, accounting for 78.80% 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 ( 10.32%), large apartment complexes or high rise apartments ( 6.47%), and a few mobile homes or trailers ( 3.01%).

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 65.82% of Brewton's homes, and 77.69% 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 ( 34.49%). A lesser amount of the housing stock also hails from before 1939 ( 6.40%). There's also some housing in Brewton built between 2000 and later ( 4.76%).

Vacant housing appears to be an issue in Brewton. Fully 15.91% 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

Real estate appreciation rates in Brewton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.08% during the period.

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 3.33%, 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 1.31%, which equates to an annual appreciation rate of 5.35%.

Relative to Alabama, our data show that Brewton's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$97,429

Brewton, AL HOME PRICES

Value Range
> $1,032,000 0.0
$774,001 - $1,032,000 0.0
$516,001 - $774,000 0.4
$413,001 - $516,000 0.3
$309,001 - $413,000 5.7
$207,001 - $309,000 7.5
$103,001 - $207,000 33.0
$52,001 - $103,000 33.5
$0 - $52,000 19.5

Average for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
80.4415295426597 58.25

Number Of Homes And Apartments:
2,209

Rent & Ownership

 

Average Market Rent:
$820 / per month

Homeownership Rate

Homeownership
Owners 65.82
Renters 34.18
Vacant 15.91

Housing Market Details

 

Age of Homes

AGE OF Brewton HOMES
2000 or Newer 4.8
1970 - 1999 54.4
1940 - 1969 34.5
1939 or Older 6.4

Types of Homes

TYPE OF Brewton HOMES
Single-Family 78.8
Townhomes 1.4
Small Apt. Buildings 10.3
Apt. Complexes 6.5
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Brewton HOMES
No Bedroom 3.08
1 Bedroom 3.01
2 Bedrooms 15.04
3 Bedrooms 58.05
4 Bedrooms 19.64
5 or more bedrooms 1.18

Brewton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
30.77% 1.59% 6 3
* 10 is highest

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Zip Codes in Brewton, AL