Brazil, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brazil, IN Real Estate Data


Brazil Housing Market Information

With a population of 8,109, 3,059 total housing units (homes and apartments), and a median house value of $89,971, house prices in Brazil are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Brazil, accounting for 71.95% of the city's housing units. Other types of housing that are prevalent in Brazil include mobile homes or trailers ( 10.65%), large apartment complexes or high rise apartments ( 10.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.74%).

The most prevalent building size and type in Brazil are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.20% owning and 41.80% renting.

The housing in Brazil was primarily built before 1939 ( 36.93%), making the housing stock in Brazil some of the oldest overall in America, although there is a range of ages of homes in Brazil. The next most important housing age is between 1970-1999 ( 28.53%), followed by between 1940-1969 ( 23.48%). There's also some housing in Brazil built between 2000 and later ( 11.05%).

Vacant housing appears to be an issue in Brazil. Fully 12.62% of the housing stock is classified as vacant. Left unchecked, vacant Brazil homes and apartments can be a drag on the real estate market, holding Brazil 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.

Brazil Home Appreciation Rates

Real estate appreciation rates in Brazil's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.05% during the period.

Over the last year, Brazil appreciation rates have trailed the rest of the nation. In the last twelve months, Brazil's appreciation rate has been 3.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brazil were at 2.52%, which equates to an annual appreciation rate of 10.46%.

Relative to Indiana, our data show that Brazil's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$89,971

Brazil, IN HOME PRICES

Value Range
> $1,121,000 0.0
$841,001 - $1,121,000 0.0
$560,001 - $841,000 0.5
$448,001 - $560,000 0.8
$337,001 - $448,000 0.0
$224,001 - $337,000 4.8
$112,001 - $224,000 21.6
$56,001 - $112,000 46.2
$0 - $56,000 26.2

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
85.4131287696902 89.3665158371041

Number Of Homes And Apartments:
3,059

Rent & Ownership

 

Average Market Rent:
$693 / per month

Homeownership Rate

Homeownership
Owners 58.20
Renters 41.80
Vacant 12.62

Housing Market Details

 

Age of Homes

AGE OF Brazil HOMES
2000 or Newer 11.1
1970 - 1999 28.5
1940 - 1969 23.5
1939 or Older 36.9

Types of Homes

TYPE OF Brazil HOMES
Single-Family 72.0
Townhomes 1.2
Small Apt. Buildings 5.7
Apt. Complexes 10.4
Mobile Homes 10.7
Other 0.0

Home Size

SIZE OF Brazil HOMES
No Bedroom 0.00
1 Bedroom 8.91
2 Bedrooms 37.25
3 Bedrooms 42.53
4 Bedrooms 7.31
5 or more bedrooms 4.00

Brazil Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
17.02% 0.93% 4 2
* 10 is highest

Popular Neighborhoods in Brazil

Zip Codes in Brazil, IN