Brazil, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brazil Neighborhoods Since 2000




Brazil, IN 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

Brazil Housing Market Information

With 8,109 people, 3,133 houses or apartments, and a median cost of homes of $88,719, 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 70.85% of the city's housing units. Other types of housing that are prevalent in Brazil include large apartment complexes or high rise apartments ( 11.87%), mobile homes or trailers ( 8.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.50%).

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 56.99% owning and 43.01% renting.

The housing in Brazil was primarily built before 1939 ( 35.86%), 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 ( 27.93%), followed by between 1940-1969 ( 23.88%). There's also some housing in Brazil built between 2000 and later ( 12.33%).

Brazil Home Appreciation Rates

Appreciation rates for homes in Brazil have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.94%, which ranks in the top 50% nationwide. This equates to an annual average Brazil house appreciation rate of 0.09%.

NeighborhoodScout's data show that during the latest twelve months, Brazil's appreciation rate, at 4.10%, has been at or slightly above the national average. In the latest quarter, Brazil's appreciation rate has been -1.71%, which annualizes to a rate of -6.65%.

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

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

Average Home Values

 

Median Home Value:
$88,719

Brazil, IN HOME PRICES

Value Range
> $1,042,000 0.0
$781,001 - $1,042,000 0.0
$521,001 - $781,000 0.3
$417,001 - $521,000 0.4
$313,001 - $417,000 0.5
$208,001 - $313,000 7.3
$104,001 - $208,000 28.6
$52,001 - $104,000 39.3
$0 - $52,000 23.7

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
84.9232391890308 85.5203619909502

Number Of Homes And Apartments:
3,133

Brazil Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
15.28% 0.83% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$920 / per month

Homeownership Rate

Homeownership
Owners 56.99
Renters 43.01
Vacant 9.32

Housing Market Details

 

Age of Homes

AGE OF Brazil HOMES
2000 or Newer 12.3
1970 - 1999 27.9
1940 - 1969 23.9
1939 or Older 35.9

Types of Homes

TYPE OF Brazil HOMES
Single-Family 70.9
Townhomes 1.1
Small Apt. Buildings 7.5
Apt. Complexes 11.9
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF Brazil HOMES
No Bedroom 1.42
1 Bedroom 7.18
2 Bedrooms 39.36
3 Bedrooms 41.94
4 Bedrooms 6.43
5 or more bedrooms 3.68

Popular Neighborhoods in Brazil

Zip Codes in Brazil, IN