Brookline, MA 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 Q2 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

Brookline, MA Housing Market Trends

With 59,121 people, 24,436 houses or apartments, and a median cost of homes of $1,151,738, Brookline house prices are not only among the most expensive in Massachusetts, Brookline real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Brookline, accounting for 54.41% of the town's housing units. Other types of housing that are prevalent in Brookline include duplexes, homes converted to apartments or other small apartment buildings ( 21.67%), single-family detached homes ( 18.35%), and a few row houses and other attached homes ( 5.40%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

People in Brookline primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Brookline has a mixture of owner-occupied and renter-occupied housing.

The housing in Brookline was primarily built before 1939 ( 47.56%), making the housing stock in Brookline some of the oldest overall in America, although there is a range of ages of homes in Brookline. The next most important housing age is between 1940-1969 ( 25.25%), followed by between 1970-1999 ( 22.22%). There's also some housing in Brookline built between 2000 and later ( 4.98%).

Brookline Home Appreciation Rates

Appreciation rates for homes in Brookline have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 61.10%, which ranks in the top 30% nationwide. This equates to an annual average Brookline house appreciation rate of 4.88%.

Over the last year, Brookline appreciation rates have trailed the rest of the nation. In the last twelve months, Brookline's appreciation rate has been 7.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brookline were at 3.05%, which equates to an annual appreciation rate of 12.76%.

Relative to Massachusetts, our data show that Brookline's latest annual appreciation rate is lower than 80% 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 town. Individual neighborhoods within Brookline differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brookline - 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 Brookline real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,151,738

Brookline, MA HOME PRICES

> $1,189,000
42.1%
42.1%
$892,001 - $1,189,000
22.1%
22.1%
$595,001 - $892,000
24.4%
24.4%
$475,001 - $595,000
4.7%
4.7%
$357,001 - $475,000
4.0%
4.0%
$238,001 - $357,000
0.8%
0.8%
$119,001 - $238,000
1.0%
1.0%
$60,001 - $119,000
0.3%
0.3%
$0 - $60,000
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
24,436

Brookline Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
81.40% 2.81%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,252 / per month

Homeownership Rate

Owners
47.5%
47.5%
Renters
52.5%
52.5%
Vacant
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.0%
5.0%
1970 - 1999
22.2%
22.2%
1940 - 1969
25.2%
25.2%
1939 or Older
47.6%
47.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
18.4%
18.4%
Townhomes
5.4%
5.4%
Small Apt. Buildings
21.7%
21.7%
Apt. Complexes
54.4%
54.4%
Mobile Homes
0.0%
0.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.9%
4.9%
1 Bedroom
23.4%
23.4%
2 Bedrooms
29.8%
29.8%
3 Bedrooms
21.9%
21.9%
4 Bedrooms
11.5%
11.5%
5 or more bedrooms
8.6%
8.6%
0.0% 100.0%
% OF HOMES