Brighton, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brighton Neighborhoods Since 2000




Brighton, IL Real Estate Data


Brighton Housing Market Information

With 2,198 people, 790 houses or apartments, and a median cost of homes of $138,499, house prices in Brighton are solidly below the national average.

Single-family detached homes are the single most common housing type in Brighton, accounting for 91.95% of the village's housing units. Other types of housing that are prevalent in Brighton include large apartment complexes or high rise apartments ( 3.91%), duplexes, homes converted to apartments or other small apartment buildings ( 2.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brighton. Owner-occupied housing accounts for 76.78% of Brighton's homes, and 74.71% have either three or four bedrooms, which is average sized relative to America.

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. Brighton's housing was primarily built during this period, from the '40s through the '60s. A full 44.02% of the village's housing hails from this era. Other housing ages represented in Brighton include homes built between 1970-1999 ( 34.71%) and housing constructed before 1939 ( 14.14%). There's also some housing in Brighton built between 2000 and later ( 7.13%).

Brighton Home Appreciation Rates

Real estate appreciation rates in Brighton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.23% during the period.

Over the last year, Brighton appreciation rates have trailed the rest of the nation. In the last twelve months, Brighton's appreciation rate has been 1.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brighton were at -0.55%, which equates to an annual appreciation rate of -2.19%.

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

Relative to Illinois, our data show that Brighton's latest annual appreciation rate is lower than 70% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$138,499

Brighton, IL HOME PRICES

Value Range
> $1,042,000 0.0
$782,001 - $1,042,000 0.2
$521,001 - $782,000 1.5
$417,001 - $521,000 0.4
$313,001 - $417,000 4.5
$208,001 - $313,000 17.9
$104,001 - $208,000 38.8
$52,001 - $104,000 30.3
$0 - $52,000 6.5

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
55.2853627094808 46.4556962025316

Number Of Homes And Apartments:
790

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 76.78
Renters 23.22
Vacant 9.20

Housing Market Details

 

Age of Homes

AGE OF Brighton HOMES
2000 or Newer 7.1
1970 - 1999 34.7
1940 - 1969 44.0
1939 or Older 14.1

Types of Homes

TYPE OF Brighton HOMES
Single-Family 92.0
Townhomes 0.7
Small Apt. Buildings 2.9
Apt. Complexes 3.9
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Brighton HOMES
No Bedroom 0.00
1 Bedroom 5.06
2 Bedrooms 17.01
3 Bedrooms 53.79
4 Bedrooms 20.92
5 or more bedrooms 3.22

Brighton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
22.51% 1.18% 5 2
* 10 is highest

Popular Neighborhoods in Brighton

Zip Codes in Brighton, IL