Brunswick, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Brunswick Neighborhoods Since 2000




Brunswick, 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

Brunswick Housing Market Information

With a population of 16,157, 6,124 total housing units (homes and apartments), and a median house value of $117,206, house prices in Brunswick are solidly below the national average.

Single-family detached homes are the single most common housing type in Brunswick, accounting for 65.82% of the city's housing units. Other types of housing that are prevalent in Brunswick include large apartment complexes or high rise apartments ( 22.59%), duplexes, homes converted to apartments or other small apartment buildings ( 7.65%), and a few row houses and other attached homes ( 2.09%).

The most prevalent building size and type in Brunswick are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 36.53% owning and 63.47% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Brunswick's housing was primarily built during this period, from the '40s through the '60s. A full 40.40% of the city's housing hails from this era. Other housing ages represented in Brunswick include homes built between 1970-1999 ( 33.84%) and housing constructed before 1939 ( 15.68%). There's also some housing in Brunswick built between 2000 and later ( 10.09%).

Vacant housing appears to be an issue in Brunswick. Fully 15.25% of the housing stock is classified as vacant. Left unchecked, vacant Brunswick homes and apartments can be a drag on the real estate market, holding Brunswick 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.

Brunswick Home Appreciation Rates

Homes have actually lost value in Brunswick over the last then years, as home values have seen a decline of 22.79% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Brunswick home appreciation rates at -4.80%, which equates to an annual appreciation rate of -17.86%.

NeighborhoodScout's data show that during the latest twelve months, Brunswick's appreciation rate, at 3.71%, has been at or slightly above the national average. In the latest quarter, Brunswick's appreciation rate has been -4.80%, which annualizes to a rate of -17.86%.

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

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

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

Average Home Values

 

Median Home Value:
$117,206

Brunswick, GA HOME PRICES

Value Range
> $1,069,000 0.0
$801,001 - $1,069,000 0.8
$534,001 - $801,000 0.9
$428,001 - $534,000 2.9
$320,001 - $428,000 0.9
$214,001 - $320,000 4.7
$107,001 - $214,000 44.2
$54,001 - $107,000 31.6
$0 - $54,000 14.1

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
67.0866049455057 53.0655391120507

Number Of Homes And Apartments:
6,124

Brunswick 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
21.61% 1.14% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 36.53
Renters 63.47
Vacant 15.25

Housing Market Details

 

Age of Homes

AGE OF Brunswick HOMES
2000 or Newer 10.1
1970 - 1999 33.8
1940 - 1969 40.4
1939 or Older 15.7

Types of Homes

TYPE OF Brunswick HOMES
Single-Family 65.8
Townhomes 2.1
Small Apt. Buildings 7.7
Apt. Complexes 22.6
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Brunswick HOMES
No Bedroom 3.56
1 Bedroom 11.50
2 Bedrooms 27.65
3 Bedrooms 45.88
4 Bedrooms 9.42
5 or more bedrooms 1.99