Brookfield, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brookfield Neighborhoods Since 2000




Brookfield, CT 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

Brookfield Housing Market Information

With 17,143 people, 5,910 houses or apartments, and a median cost of homes of $391,448, Brookfield house prices are not only among the most expensive in Connecticut, Brookfield real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Brookfield, accounting for 76.01% of the town's housing units. Other types of housing that are prevalent in Brookfield include large apartment complexes or high rise apartments ( 13.85%), duplexes, homes converted to apartments or other small apartment buildings ( 6.88%), and a few row houses and other attached homes ( 3.26%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brookfield. Owner-occupied housing accounts for 84.59% of Brookfield's homes, and 66.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brookfield 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 Brookfield built between 1940-1969 ( 35.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.50%). There's also some housing in Brookfield built before 1939 ( 7.05%).

Brookfield Home Appreciation Rates

Homes have actually lost value in Brookfield over the last then years, as home values have seen a decline of 22.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Brookfield home appreciation rates at -1.81%, which equates to an annual appreciation rate of -7.04%.

Over the last year, Brookfield appreciation rates have trailed the rest of the nation. In the last twelve months, Brookfield's appreciation rate has been 0.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brookfield were at -1.81%, which equates to an annual appreciation rate of -7.04%.

Notably, Brookfield's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Brookfield's latest annual appreciation rate is higher than 50% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$391,448

Brookfield, CT HOME PRICES

Value Range
> $1,010,000 1.1
$758,001 - $1,010,000 2.8
$505,001 - $758,000 17.2
$404,001 - $505,000 18.6
$303,001 - $404,000 31.2
$202,001 - $303,000 17.9
$101,001 - $202,000 9.8
$51,001 - $101,000 0.1
$0 - $51,000 1.4

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
9.826555724833 15.9763313609467

Number Of Homes And Apartments:
5,910

Brookfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
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
23.27% 1.22% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,913 / per month

Homeownership Rate

Homeownership
Owners 84.59
Renters 15.41
Vacant 9.17

Housing Market Details

 

Age of Homes

AGE OF Brookfield HOMES
2000 or Newer 11.5
1970 - 1999 45.6
1940 - 1969 35.9
1939 or Older 7.1

Types of Homes

TYPE OF Brookfield HOMES
Single-Family 76.0
Townhomes 3.3
Small Apt. Buildings 6.9
Apt. Complexes 13.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Brookfield HOMES
No Bedroom 0.95
1 Bedroom 10.45
2 Bedrooms 17.53
3 Bedrooms 38.10
4 Bedrooms 28.89
5 or more bedrooms 4.07