Brighton, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brighton, IL 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

Brighton Housing Market Information

With a population of 2,198, 790 total housing units (homes and apartments), and a median house value of $139,912, Brighton real estate and house prices are near the national average for all cities and towns.

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 -0.16% 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 2.23%, 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 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Illinois, our data show that Brighton's latest annual appreciation rate is lower than 60% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$139,912

Brighton, IL HOME PRICES

Value Range
> $1,053,000 0.0
$790,001 - $1,053,000 0.2
$526,001 - $790,000 1.5
$421,001 - $526,000 0.4
$316,001 - $421,000 4.5
$210,001 - $316,000 17.9
$105,001 - $210,000 38.8
$53,001 - $105,000 30.3
$0 - $53,000 6.5

Average for IL
Average for Nation

Value Relative to Nation Value Relative to State
54.7872963787648 45.5696202531646

Number Of Homes And Apartments:
790

Brighton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
23.82% 1.25% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$852 / 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

Popular Neighborhoods in Brighton

Zip Codes in Brighton, IL