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 Q1 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 5,434 people, 2,126 houses or apartments, and a median cost of homes of $130,840, 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

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 -0.37% during the period.

NeighborhoodScout's data show that during the latest twelve months, Brewton's appreciation rate, at 4.06%, has been at or slightly above the national average. In the latest quarter, Brewton's appreciation rate has been 0.55%, which annualizes to a rate of 2.22%.

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

Average Home Values

 

Median Home Value:
$130,840

Brewton, AL HOME PRICES

Value Range
> $1,057,000 0.0
$793,001 - $1,057,000 0.0
$529,001 - $793,000 0.4
$423,001 - $529,000 0.3
$317,001 - $423,000 7.2
$211,001 - $317,000 8.7
$106,001 - $211,000 33.2
$53,001 - $106,000 31.8
$0 - $53,000 18.3

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
59.4046642446971 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:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
32.85% 1.66% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$856 / 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