Brandenburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brandenburg Neighborhoods Since 2000




Brandenburg, KY Real Estate Data


Brandenburg Housing Market Information

With a population of 2,852, 1,055 total housing units (homes and apartments), and a median house value of $138,715, house prices in Brandenburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Brandenburg, accounting for 51.26% of the city's housing units. Other types of housing that are prevalent in Brandenburg include large apartment complexes or high rise apartments ( 23.34%), duplexes, homes converted to apartments or other small apartment buildings ( 18.45%), and a few row houses and other attached homes ( 4.34%).

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

There is a lot of housing in Brandenburg 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 Brandenburg built between 1940-1969 ( 32.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.34%). There's also some housing in Brandenburg built before 1939 ( 4.34%).

Vacant housing appears to be an issue in Brandenburg. Fully 16.80% of the housing stock is classified as vacant. Left unchecked, vacant Brandenburg homes and apartments can be a drag on the real estate market, holding Brandenburg 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.

Brandenburg Home Appreciation Rates

Appreciation rates for homes in Brandenburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.07%, which ranks in the top 30% nationwide. This equates to an annual average Brandenburg house appreciation rate of 1.33%.

Over the last year, Brandenburg appreciation rates have trailed the rest of the nation. In the last twelve months, Brandenburg's appreciation rate has been -1.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brandenburg were at 0.60%, which equates to an annual appreciation rate of 2.43%.

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

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

Average Home Values

 

Median Home Value:
$138,715

Brandenburg, KY HOME PRICES

Value Range
> $1,012,000 3.1
$759,001 - $1,012,000 0.0
$506,001 - $759,000 0.2
$405,001 - $506,000 0.9
$304,001 - $405,000 7.4
$202,001 - $304,000 14.7
$101,001 - $202,000 43.4
$51,001 - $101,000 24.3
$0 - $51,000 6.0

High for KY
Average for Nation

Value Relative to Nation Value Relative to State
56.4062774492007 28.5714285714286

Number Of Homes And Apartments:
1,055

Rent & Ownership

 

Average Market Rent:
$697 / per month

Homeownership Rate

Homeownership
Owners 48.59
Renters 51.41
Vacant 16.80

Housing Market Details

 

Age of Homes

AGE OF Brandenburg HOMES
2000 or Newer 23.3
1970 - 1999 39.8
1940 - 1969 32.5
1939 or Older 4.3

Types of Homes

TYPE OF Brandenburg HOMES
Single-Family 51.3
Townhomes 4.3
Small Apt. Buildings 18.5
Apt. Complexes 23.3
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Brandenburg HOMES
No Bedroom 2.92
1 Bedroom 9.38
2 Bedrooms 43.30
3 Bedrooms 34.07
4 Bedrooms 8.04
5 or more bedrooms 2.29

Brandenburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
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
42.82% 2.12% 7 5
* 10 is highest

Popular Neighborhoods in Brandenburg

Zip Codes in Brandenburg, KY