Brewer, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brewer, ME 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

Brewer Housing Market Information

With a population of 9,232, 3,920 total housing units (homes and apartments), and a median house value of $164,529, Brewer 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 Brewer, accounting for 59.69% of the city's housing units. Other types of housing that are prevalent in Brewer include duplexes, homes converted to apartments or other small apartment buildings ( 25.07%), large apartment complexes or high rise apartments ( 10.58%), and a few mobile homes or trailers ( 2.48%).

The most prevalent building size and type in Brewer are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.82% owning and 39.18% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Brewer's housing was primarily built during this period, from the '40s through the '60s. A full 32.19% of the city's housing hails from this era. Other housing ages represented in Brewer include homes built between 1970-1999 ( 31.20%) and housing constructed before 1939 ( 29.20%). There's also some housing in Brewer built between 2000 and later ( 7.41%).

Vacant housing appears to be an issue in Brewer. Fully 10.07% of the housing stock is classified as vacant. Left unchecked, vacant Brewer homes and apartments can be a drag on the real estate market, holding Brewer 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.

Brewer Home Appreciation Rates

Brewer's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brewer during the period has been just -0.85%, which is lower than 70% of US communities.

Over the last year, Brewer appreciation rates have trailed the rest of the nation. In the last twelve months, Brewer's appreciation rate has been 1.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brewer were at 1.55%, which equates to an annual appreciation rate of 6.33%.

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

Average Home Values

 

Median Home Value:
$164,529

Brewer, ME HOME PRICES

Value Range
> $1,036,000 0.4
$776,001 - $1,036,000 0.2
$518,001 - $776,000 0.4
$414,001 - $518,000 0.3
$311,001 - $414,000 6.0
$207,001 - $311,000 18.4
$103,001 - $207,000 55.4
$52,001 - $103,000 14.8
$0 - $52,000 4.1

Average for ME
Average for Nation

Value Relative to Nation Value Relative to State
43.8415563107934 50.0

Number Of Homes And Apartments:
3,920

Brewer Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ME*
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
37.69% 1.87% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,029 / per month

Homeownership Rate

Homeownership
Owners 60.82
Renters 39.18
Vacant 10.07

Housing Market Details

 

Age of Homes

AGE OF Brewer HOMES
2000 or Newer 7.4
1970 - 1999 31.2
1940 - 1969 32.2
1939 or Older 29.2

Types of Homes

TYPE OF Brewer HOMES
Single-Family 59.7
Townhomes 2.2
Small Apt. Buildings 25.1
Apt. Complexes 10.6
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Brewer HOMES
No Bedroom 3.53
1 Bedroom 15.05
2 Bedrooms 25.05
3 Bedrooms 37.65
4 Bedrooms 16.08
5 or more bedrooms 2.64