Brownsburg, IN Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Brownsburg, IN Housing Market Trends

With 27,001 people, 9,093 houses or apartments, and a median cost of homes of $280,801, Brownsburg real estate is some of the most expensive in Indiana, although Brownsburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Brownsburg, accounting for 78.15% of the town's housing units. Other types of housing that are prevalent in Brownsburg include large apartment complexes or high rise apartments ( 11.29%), row houses and other attached homes ( 5.45%), and a few mobile homes or trailers ( 3.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brownsburg. Owner-occupied housing accounts for 72.35% of Brownsburg's homes, and 72.38% have either three or four bedrooms, which is average sized relative to America.

Brownsburg homes and real estate are some of the newest in America. 45.07% of Brownsburg's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Brownsburg real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.61%), and between 1940-1969 ( 14.43%). There's also some housing in Brownsburg built before 1939 ( 1.88%).

Brownsburg Home Appreciation Rates

Appreciation rates for homes in Brownsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 48.44%, which ranks in the top 40% nationwide. This equates to an annual average Brownsburg house appreciation rate of 4.03%.

Appreciation rates are so strong in Brownsburg that despite a nationwide downturn in the housing market, Brownsburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brownsburg appreciation rates continue to be some of the highest in America, at 8.19%, which is higher than appreciation rates in 76.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brownsburg. Brownsburg appreciation rates in the latest quarter were at 2.13%, which equates to an annual appreciation rate of 8.78%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Brownsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brownsburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Brownsburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$280,801

Brownsburg, IN HOME PRICES

> $1,227,000
0.8%
0.8%
$921,001 - $1,227,000
0.4%
0.4%
$613,001 - $921,000
1.9%
1.9%
$491,001 - $613,000
2.9%
2.9%
$368,001 - $491,000
10.4%
10.4%
$245,001 - $368,000
24.9%
24.9%
$122,001 - $245,000
51.3%
51.3%
$61,001 - $122,000
5.4%
5.4%
$0 - $61,000
1.9%
1.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
9,093

Brownsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
52.79% 2.01%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,454 / per month

Homeownership Rate

Owners
72.3%
72.3%
Renters
27.7%
27.7%
Vacant
5.4%
5.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
45.1%
45.1%
1970 - 1999
38.6%
38.6%
1940 - 1969
14.4%
14.4%
1939 or Older
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.1%
78.1%
Townhomes
5.5%
5.5%
Small Apt. Buildings
2.0%
2.0%
Apt. Complexes
11.3%
11.3%
Mobile Homes
3.1%
3.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
3.9%
3.9%
2 Bedrooms
19.5%
19.5%
3 Bedrooms
41.2%
41.2%
4 Bedrooms
31.2%
31.2%
5 or more bedrooms
3.2%
3.2%
0.0% 100.0%
% OF HOMES