Brooksville, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brooksville Neighborhoods Since 2000




Brooksville, 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

Brooksville Housing Market Information

With a population of 7,854, 3,074 total housing units (homes and apartments), and a median house value of $79,012, house prices in Brooksville are some of the most affordable in Florida as well as the nation.

Single-family detached homes are the single most common housing type in Brooksville, accounting for 41.35% of the city's housing units. Other types of housing that are prevalent in Brooksville include mobile homes or trailers ( 25.92%), large apartment complexes or high rise apartments ( 17.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.20%).

People in Brooksville primarily live in small (one, two or no bedroom) single-family detached homes. Brooksville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Brooksville 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 Brooksville built between 1940-1969 ( 26.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.36%). There's also some housing in Brooksville built before 1939 ( 3.46%).

Vacant housing appears to be an issue in Brooksville. Fully 21.20% of the housing stock is classified as vacant. Left unchecked, vacant Brooksville homes and apartments can be a drag on the real estate market, holding Brooksville 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.

Brooksville Home Appreciation Rates

Homes have actually lost value in Brooksville over the last then years, as home values have seen a decline of 32.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Brooksville home appreciation rates at 1.28%, which equates to an annual appreciation rate of 5.24%.

Appreciation rates are so strong in Brooksville that despite a nationwide downturn in the housing market, Brooksville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brooksville appreciation rates continue to be some of the highest in America, at 7.32%, which is higher than appreciation rates in 83.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brooksville. Brooksville 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 Brooksville's latest annual appreciation rate is lower than 60% 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 city. Individual neighborhoods within Brooksville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brooksville - 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 Brooksville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$79,012

Brooksville, FL HOME PRICES

Value Range
> $1,215,000 0.7
$911,001 - $1,215,000 0.0
$607,001 - $911,000 0.0
$486,001 - $607,000 3.4
$365,001 - $486,000 1.2
$243,001 - $365,000 8.3
$122,001 - $243,000 17.2
$61,001 - $122,000 17.3
$0 - $61,000 51.9

Very Low for FL
Very Low for Nation

Value Relative to Nation Value Relative to State
91.1402789171452 98.5042735042735

Number Of Homes And Apartments:
3,074

Brooksville 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
28.58% 1.47% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$891 / per month

Homeownership Rate

Homeownership
Owners 51.70
Renters 48.30
Vacant 21.20

Housing Market Details

 

Age of Homes

AGE OF Brooksville HOMES
2000 or Newer 10.4
1970 - 1999 59.3
1940 - 1969 26.9
1939 or Older 3.5

Types of Homes

TYPE OF Brooksville HOMES
Single-Family 41.3
Townhomes 4.6
Small Apt. Buildings 10.2
Apt. Complexes 18.0
Mobile Homes 25.9
Other 0.0

Home Size

SIZE OF Brooksville HOMES
No Bedroom 4.54
1 Bedroom 9.77
2 Bedrooms 51.73
3 Bedrooms 26.40
4 Bedrooms 5.87
5 or more bedrooms 1.69