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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,632, 1,941 total housing units (homes and apartments), and a median house value of $217,717, house prices in Breese are solidly below the national average.
Single-family detached homes are the single most common housing type in Breese, accounting for 74.03% of the city's housing units. Other types of housing that are prevalent in Breese include duplexes, homes converted to apartments or other small apartment buildings ( 11.03%), large apartment complexes or high rise apartments ( 5.67%), and a few mobile homes or trailers ( 3.81%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Breese. Owner-occupied housing accounts for 74.25% of Breese's homes, and 58.68% have either three or four bedrooms, which is average sized relative to America.
Breese homes and real estate are some of the newest in America. 31.68% of Breese's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Breese real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.67%), and between 1940-1969 ( 22.41%). There's also some housing in Breese built before 1939 ( 18.24%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Breese, where house values have increased just 37.20%, which is annualized rate of 3.21%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Breese's appreciation rate, at 6.65%, has been at or slightly above the national average. In the latest quarter, Breese's appreciation rate has been -0.41%, which annualizes to a rate of -1.64%.
Relative to Illinois, our data show that Breese's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.
$217,717
for Illinois
for nation
1,941
$1,230 / per month