Brockton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brockton Neighborhoods Since 2000




Brockton, MA 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

Brockton Housing Market Information

With 95,314 people, 32,764 houses or apartments, and a median cost of homes of $280,506, Brockton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brockton, accounting for 47.38% of the city's housing units. Other types of housing that are prevalent in Brockton include duplexes, homes converted to apartments or other small apartment buildings ( 27.70%), large apartment complexes or high rise apartments ( 22.22%), and a few row houses and other attached homes ( 2.41%).

The most prevalent building size and type in Brockton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.59% owning and 46.41% renting.

The housing in Brockton was primarily built before 1939 ( 38.31%), making the housing stock in Brockton some of the oldest overall in America, although there is a range of ages of homes in Brockton. The next most important housing age is between 1940-1969 ( 32.21%), followed by between 1970-1999 ( 25.86%). There's also some housing in Brockton built between 2000 and later ( 3.63%).

Brockton Home Appreciation Rates

Brockton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brockton during the period has been just -1.46%, which is lower than 80% of US communities.

Appreciation rates are so strong in Brockton that despite a nationwide downturn in the housing market, Brockton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brockton appreciation rates continue to be some of the highest in America, at 7.80%, which is higher than appreciation rates in 85.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brockton. Brockton appreciation rates in the latest quarter were at 1.07%, which equates to an annual appreciation rate of 4.36%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brockton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brockton - 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 Brockton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$280,506

Brockton, MA HOME PRICES

Value Range
> $1,255,000 0.6
$941,001 - $1,255,000 0.1
$627,001 - $941,000 1.1
$502,001 - $627,000 3.6
$376,001 - $502,000 14.3
$251,001 - $376,000 40.4
$125,001 - $251,000 32.4
$63,001 - $125,000 4.9
$0 - $63,000 2.5

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
18.4284542364936 74.6794871794872

Number Of Homes And Apartments:
32,764

Brockton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
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
50.92% 2.41% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,650 / per month

Homeownership Rate

Homeownership
Owners 53.59
Renters 46.41
Vacant 8.77

Housing Market Details

 

Age of Homes

AGE OF Brockton HOMES
2000 or Newer 3.6
1970 - 1999 25.9
1940 - 1969 32.2
1939 or Older 38.3

Types of Homes

TYPE OF Brockton HOMES
Single-Family 47.4
Townhomes 2.4
Small Apt. Buildings 27.7
Apt. Complexes 22.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Brockton HOMES
No Bedroom 1.33
1 Bedroom 14.27
2 Bedrooms 29.58
3 Bedrooms 39.76
4 Bedrooms 11.90
5 or more bedrooms 3.16