Brandon, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brandon, FL 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

Brandon Housing Market Information

With a population of 111,054, 40,453 total housing units (homes and apartments), and a median house value of $186,384, Brandon real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brandon, accounting for 55.17% of the town's housing units. Other types of housing that are prevalent in Brandon include large apartment complexes or high rise apartments ( 32.58%), row houses and other attached homes ( 7.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.33%).

The most prevalent building size and type in Brandon are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.83% owning and 46.17% renting.

There is a lot of housing in Brandon 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 Brandon built between 2000 and later ( 28.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.22%).

Brandon Home Appreciation Rates

Brandon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brandon during the period has been just -1.96%, which is lower than 80% of US communities.

Appreciation rates are so strong in Brandon that despite a nationwide downturn in the housing market, Brandon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brandon appreciation rates continue to be some of the highest in America, at 9.25%, which is higher than appreciation rates in 91.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brandon. Brandon appreciation rates in the latest quarter were at 1.28%, which equates to an annual appreciation rate of 5.24%.

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

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

Average Home Values

 

Median Home Value:
$186,384

Brandon, FL HOME PRICES

Value Range
> $1,349,000 0.3
$1,012,001 - $1,349,000 0.2
$675,001 - $1,012,000 0.2
$540,001 - $675,000 0.5
$405,001 - $540,000 3.0
$270,001 - $405,000 13.8
$135,001 - $270,000 57.6
$67,001 - $135,000 19.7
$0 - $67,000 4.7

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
35.8959334348998 51.4957264957265

Number Of Homes And Apartments:
40,453

Brandon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
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
58.70% 2.71% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,485 / per month

Homeownership Rate

Homeownership
Owners 53.83
Renters 46.17
Vacant 7.86

Housing Market Details

 

Age of Homes

AGE OF Brandon HOMES
2000 or Newer 28.1
1970 - 1999 63.1
1940 - 1969 8.2
1939 or Older 0.6

Types of Homes

TYPE OF Brandon HOMES
Single-Family 55.2
Townhomes 7.6
Small Apt. Buildings 3.3
Apt. Complexes 32.6
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Brandon HOMES
No Bedroom 0.87
1 Bedroom 12.08
2 Bedrooms 24.29
3 Bedrooms 41.88
4 Bedrooms 19.01
5 or more bedrooms 1.87