Brighton, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Brighton Neighborhoods Since 2000




Brighton, CO 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

Brighton Housing Market Information

With 37,585 people, 10,832 houses or apartments, and a median cost of homes of $285,785, Brighton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brighton, accounting for 68.65% of the city's housing units. Other types of housing that are prevalent in Brighton include large apartment complexes or high rise apartments ( 14.07%), row houses and other attached homes ( 9.46%), and a few mobile homes or trailers ( 4.08%).

The most prevalent building size and type in Brighton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.55% owning and 37.45% renting.

Brighton homes and real estate are some of the newest in America. 41.42% of Brighton's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Brighton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.91%), and between 1940-1969 ( 16.46%). There's also some housing in Brighton built before 1939 ( 5.20%).

Brighton Home Appreciation Rates

In the last 10 years, Brighton has experienced some of the highest home appreciation rates of any community in the nation. Brighton real estate appreciated 35.23% over the last ten years, which is an average annual home appreciation rate of 3.06%, putting Brighton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brighton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Brighton that despite a nationwide downturn in the housing market, Brighton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brighton appreciation rates continue to be some of the highest in America, at 11.70%, which is higher than appreciation rates in 97.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brighton. Brighton appreciation rates in the latest quarter were at 2.53%, which equates to an annual appreciation rate of 10.52%.

Importantly, this makes Brighton 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 Colorado, our data show that Brighton's latest annual appreciation rate is higher than 90% of the other cities and towns in Colorado.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brighton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brighton - 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 2000, to assist you in making the best Brighton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$285,785

Brighton, CO HOME PRICES

Value Range
> $1,457,000 0.2
$1,093,001 - $1,457,000 0.0
$729,001 - $1,093,000 1.0
$583,001 - $729,000 2.7
$437,001 - $583,000 9.7
$291,001 - $437,000 35.0
$146,001 - $291,000 40.2
$73,001 - $146,000 4.5
$0 - $73,000 6.7

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
17.8249150357436 50.2183406113537

Number Of Homes And Apartments:
10,832

Brighton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
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
49.31% 2.35% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,549 / per month

Homeownership Rate

Homeownership
Owners 62.55
Renters 37.45
Vacant 3.63

Housing Market Details

 

Age of Homes

AGE OF Brighton HOMES
2000 or Newer 41.4
1970 - 1999 36.9
1940 - 1969 16.5
1939 or Older 5.2

Types of Homes

TYPE OF Brighton HOMES
Single-Family 68.6
Townhomes 9.5
Small Apt. Buildings 3.7
Apt. Complexes 14.1
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Brighton HOMES
No Bedroom 1.03
1 Bedroom 10.41
2 Bedrooms 18.33
3 Bedrooms 43.82
4 Bedrooms 19.41
5 or more bedrooms 7.00