Brookville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brookville Neighborhoods Since 2000




Brookville, 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

Brookville Housing Market Information

With 2,566 people, 1,170 houses or apartments, and a median cost of homes of $123,032, house prices in Brookville are solidly below the national average.

Single-family detached homes are the single most common housing type in Brookville, accounting for 61.08% of the town's housing units. Other types of housing that are prevalent in Brookville include duplexes, homes converted to apartments or other small apartment buildings ( 17.06%), large apartment complexes or high rise apartments ( 11.74%), and a few mobile homes or trailers ( 7.02%).

People in Brookville primarily live in small (one, two or no bedroom) single-family detached homes. Brookville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Brookville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Brookville built before 1939 ( 32.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 28.66%). There's also some housing in Brookville built between 2000 and later ( 3.10%).

Vacant housing appears to be an issue in Brookville. Fully 13.59% of the housing stock is classified as vacant. Left unchecked, vacant Brookville homes and apartments can be a drag on the real estate market, holding Brookville 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.

Brookville Home Appreciation Rates

Real estate appreciation rates in Brookville'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, Brookville appreciation rates have trailed the rest of the nation. In the last twelve months, Brookville's appreciation rate has been 1.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brookville were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$123,032

Brookville, IN HOME PRICES

Value Range
> $1,067,000 0.0
$800,001 - $1,067,000 0.2
$533,001 - $800,000 0.2
$427,001 - $533,000 0.8
$320,001 - $427,000 0.5
$214,001 - $320,000 8.6
$106,001 - $214,000 52.2
$54,001 - $106,000 30.5
$0 - $54,000 7.1

Average for IN
Low for Nation

Value Relative to Nation Value Relative to State
63.7642095394351 51.3574660633484

Number Of Homes And Apartments:
1,170

Brookville 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
11.52% 0.63% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$722 / per month

Homeownership Rate

Homeownership
Owners 55.21
Renters 44.79
Vacant 13.59

Housing Market Details

 

Age of Homes

AGE OF Brookville HOMES
2000 or Newer 3.1
1970 - 1999 35.6
1940 - 1969 28.7
1939 or Older 32.6

Types of Homes

TYPE OF Brookville HOMES
Single-Family 61.1
Townhomes 3.1
Small Apt. Buildings 17.1
Apt. Complexes 11.7
Mobile Homes 7.0
Other 0.0

Home Size

SIZE OF Brookville HOMES
No Bedroom 3.47
1 Bedroom 17.87
2 Bedrooms 29.76
3 Bedrooms 35.08
4 Bedrooms 13.44
5 or more bedrooms 0.37