Brookline, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brookline Neighborhoods Since 2000




Brookline, 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

Brookline Housing Market Information

With a population of 59,195, 25,324 total housing units (homes and apartments), and a median house value of $935,257, 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 50.95% 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 ( 23.87%), single-family detached homes ( 19.98%), and a few row houses and other attached homes ( 5.05%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 ( 51.96%), 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 ( 26.85%), followed by between 1970-1999 ( 18.00%). There's also some housing in Brookline built between 2000 and later ( 3.19%).

Brookline Home Appreciation Rates

In the last 10 years, Brookline has experienced some of the highest home appreciation rates of any community in the nation. Brookline real estate appreciated 26.11% over the last ten years, which is an average annual home appreciation rate of 2.35%, putting Brookline in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brookline definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Brookline that despite a nationwide downturn in the housing market, Brookline real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brookline appreciation rates continue to be some of the highest in America, at 12.02%, which is higher than appreciation rates in 97.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brookline. Brookline 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 Brookline'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 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:
$935,257

Brookline, MA HOME PRICES

Value Range
> $1,265,000 29.3
$948,001 - $1,265,000 16.2
$632,001 - $948,000 27.2
$506,001 - $632,000 11.5
$379,001 - $506,000 10.3
$253,001 - $379,000 3.2
$126,001 - $253,000 1.4
$63,001 - $126,000 0.3
$0 - $63,000 0.7

Very High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
1.25981483651705 2.88461538461538

Number Of Homes And Apartments:
25,324

Brookline 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
79.04% 3.43% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,742 / per month

Homeownership Rate

Homeownership
Owners 48.28
Renters 51.72
Vacant 7.59

Housing Market Details

 

Age of Homes

AGE OF Brookline HOMES
2000 or Newer 3.2
1970 - 1999 18.0
1940 - 1969 26.9
1939 or Older 52.0

Types of Homes

TYPE OF Brookline HOMES
Single-Family 20.0
Townhomes 5.0
Small Apt. Buildings 23.9
Apt. Complexes 50.9
Mobile Homes 0.1
Other 0.1

Home Size

SIZE OF Brookline HOMES
No Bedroom 3.45
1 Bedroom 24.04
2 Bedrooms 31.04
3 Bedrooms 22.25
4 Bedrooms 11.45
5 or more bedrooms 7.78