Brooklet, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brooklet, GA 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

Brooklet Housing Market Information

With a population of 1,457, 598 total housing units (homes and apartments), and a median house value of $189,108, Brooklet real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brooklet, accounting for 72.22% of the city's housing units. Other types of housing that are prevalent in Brooklet include mobile homes or trailers ( 16.07%), duplexes, homes converted to apartments or other small apartment buildings ( 8.26%), and a few large apartment complexes or high rise apartments ( 3.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brooklet. Owner-occupied housing accounts for 68.23% of Brooklet's homes, and 68.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brooklet 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 Brooklet built between 2000 and later ( 31.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.12%). There's also some housing in Brooklet built before 1939 ( 8.56%).

Vacant housing appears to be an issue in Brooklet. Fully 10.21% of the housing stock is classified as vacant. Left unchecked, vacant Brooklet homes and apartments can be a drag on the real estate market, holding Brooklet 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.

Brooklet Home Appreciation Rates

Real estate appreciation rates in Brooklet's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

NeighborhoodScout's data show that during the latest twelve months, Brooklet's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, Brooklet's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$189,108

Brooklet, GA HOME PRICES

Value Range
> $1,099,000 0.1
$824,001 - $1,099,000 0.0
$549,001 - $824,000 0.5
$439,001 - $549,000 0.0
$330,001 - $439,000 12.4
$220,001 - $330,000 22.5
$110,001 - $220,000 37.6
$55,001 - $110,000 13.0
$0 - $55,000 13.8

Very High for GA
High for Nation

Value Relative to Nation Value Relative to State
35.1400445329896 17.7589852008457

Number Of Homes And Apartments:
598

Brooklet Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
35.50% 1.78% 8 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,079 / per month

Homeownership Rate

Homeownership
Owners 68.23
Renters 31.77
Vacant 10.21

Housing Market Details

 

Age of Homes

AGE OF Brooklet HOMES
2000 or Newer 31.5
1970 - 1999 36.8
1940 - 1969 23.1
1939 or Older 8.6

Types of Homes

TYPE OF Brooklet HOMES
Single-Family 72.2
Townhomes 0.5
Small Apt. Buildings 8.3
Apt. Complexes 3.0
Mobile Homes 16.1
Other 0.0

Home Size

SIZE OF Brooklet HOMES
No Bedroom 2.40
1 Bedroom 3.30
2 Bedrooms 24.62
3 Bedrooms 52.40
4 Bedrooms 16.07
5 or more bedrooms 1.20

Popular Neighborhoods in Brooklet

Zip Codes in Brooklet, GA