Brunswick, GA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Brunswick, GA Housing Market Trends

With 16,256 people, 6,486 houses or apartments, and a median cost of homes of $161,238, 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 60.56% of the city's housing units. Other types of housing that are prevalent in Brunswick include large apartment complexes or high rise apartments ( 20.92%), duplexes, homes converted to apartments or other small apartment buildings ( 11.32%), and a few row houses and other attached homes ( 4.41%).

Brunswick is dominated by renter-occupied one, two, or no bedrooms apartments. 67.02% of Brunswick's dwellings are rentals.

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 42.80% of the city's housing hails from this era. Other housing ages represented in Brunswick include homes built between 1970-1999 ( 30.60%) and housing constructed before 1939 ( 15.86%). There's also some housing in Brunswick built between 2000 and later ( 10.74%).

Vacant housing appears to be an issue in Brunswick. Fully 17.30% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Brunswick, where house values have increased just 6.09%, which is annualized rate of 0.59%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Brunswick appreciation rates have trailed the rest of the nation. In the last twelve months, Brunswick's appreciation rate has been 3.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brunswick were at 1.88%, which equates to an annual appreciation rate of 7.75%.

Relative to Georgia, our data show that Brunswick's latest annual appreciation rate is lower than 90% 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:
$161,238

Brunswick, GA HOME PRICES

> $1,200,000
0.2%
0.2%
$900,001 - $1,200,000
0.3%
0.3%
$600,001 - $900,000
1.2%
1.2%
$480,001 - $600,000
5.0%
5.0%
$360,001 - $480,000
3.4%
3.4%
$240,001 - $360,000
7.2%
7.2%
$120,001 - $240,000
36.4%
36.4%
$60,001 - $120,000
26.3%
26.3%
$0 - $60,000
19.9%
19.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for GA

Value Relative To Nation

Number Of Homes And Apartments:
6,486

Brunswick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
52.03% 2.01%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,069 / per month

Homeownership Rate

Owners
33.0%
33.0%
Renters
67.0%
67.0%
Vacant
17.3%
17.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.7%
10.7%
1970 - 1999
30.6%
30.6%
1940 - 1969
42.8%
42.8%
1939 or Older
15.9%
15.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.6%
60.6%
Townhomes
4.4%
4.4%
Small Apt. Buildings
11.3%
11.3%
Apt. Complexes
20.9%
20.9%
Mobile Homes
2.8%
2.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.7%
2.7%
1 Bedroom
12.8%
12.8%
2 Bedrooms
34.1%
34.1%
3 Bedrooms
35.6%
35.6%
4 Bedrooms
12.0%
12.0%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES