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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,852 people, 1,068 houses or apartments, and a median cost of homes of $147,615, Brandenburg real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Brandenburg, accounting for 48.07% of the city's housing units. Other types of housing that are prevalent in Brandenburg include large apartment complexes or high rise apartments ( 24.69%), duplexes, homes converted to apartments or other small apartment buildings ( 20.74%), and a few row houses and other attached homes ( 4.41%).
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 ( 31.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.30%). There's also some housing in Brandenburg built before 1939 ( 4.33%).
Vacant housing appears to be an issue in Brandenburg. Fully 17.34% 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.
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 14.16%, which ranks in the top 30% nationwide. This equates to an annual average Brandenburg house appreciation rate of 1.33%.
Appreciation rates are so strong in Brandenburg that despite a nationwide downturn in the housing market, Brandenburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brandenburg appreciation rates continue to be some of the highest in America, at 5.72%, which is higher than appreciation rates in 71.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brandenburg. Brandenburg appreciation rates in the latest quarter were at 4.06%, which equates to an annual appreciation rate of 17.27%.
Importantly, this makes Brandenburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Kentucky, our data show that Brandenburg's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.
|$786,001 - $1,048,000||0.0|
|$524,001 - $786,000||0.0|
|$419,001 - $524,000||1.2|
|$314,001 - $419,000||5.9|
|$210,001 - $314,000||14.8|
|$105,001 - $210,000||45.5|
|$52,001 - $105,000||23.2|
|$0 - $52,000||6.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Brandenburg HOMES|
|2000 or Newer||24.3|
|1970 - 1999||40.3|
|1940 - 1969||31.0|
|1939 or Older||4.3|
|TYPE OF Brandenburg HOMES|
|Small Apt. Buildings||20.7|
|SIZE OF Brandenburg HOMES|
|5 or more bedrooms||2.48|