Brunswick, ME
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brunswick Neighborhoods Since 2000




Brunswick, 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

Brunswick Housing Market Information

With 20,495 people, 8,328 houses or apartments, and a median cost of homes of $237,468, Brunswick real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brunswick, accounting for 53.20% of the town's housing units. Other types of housing that are prevalent in Brunswick include duplexes, homes converted to apartments or other small apartment buildings ( 14.74%), mobile homes or trailers ( 12.41%), and a few large apartment complexes or high rise apartments ( 10.44%).

The most prevalent building size and type in Brunswick are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.75% owning and 38.25% renting.

There is a lot of housing in Brunswick 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 Brunswick built between 1940-1969 ( 21.83%). A lesser amount of the housing stock also hails from before 1939 ( 19.55%). There's also some housing in Brunswick built between 2000 and later ( 14.53%).

Vacant housing appears to be an issue in Brunswick. Fully 11.79% of the housing stock is classified as vacant. Left unchecked, vacant Brunswick homes and apartments can be a drag on the real estate market, holding Brunswick 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.

Brunswick Home Appreciation Rates

Real estate appreciation rates in Brunswick's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.20% during the period.

NeighborhoodScout's data show that during the latest twelve months, Brunswick's appreciation rate, at 3.64%, has been at or slightly above the national average. In the latest quarter, Brunswick's appreciation rate has been 0.64%, which annualizes to a rate of 2.56%.

Relative to Maine, our data show that Brunswick's latest annual appreciation rate is lower than 60% of the other cities and towns in Maine.

Average Home Values

 

Median Home Value:
$237,468

Brunswick, ME HOME PRICES

Value Range
> $1,120,000 0.7
$840,001 - $1,120,000 1.7
$560,001 - $840,000 3.6
$448,001 - $560,000 5.8
$336,001 - $448,000 11.9
$224,001 - $336,000 28.9
$112,001 - $224,000 29.9
$56,001 - $112,000 3.4
$0 - $56,000 14.1

Very High for ME
High for Nation

Value Relative to Nation Value Relative to State
24.5693191140279 18.4426229508197

Number Of Homes And Apartments:
8,328

Brunswick 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
48.61% 2.32% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$955 / per month

Homeownership Rate

Homeownership
Owners 61.75
Renters 38.25
Vacant 11.79

Housing Market Details

 

Age of Homes

AGE OF Brunswick HOMES
2000 or Newer 14.5
1970 - 1999 44.1
1940 - 1969 21.8
1939 or Older 19.6

Types of Homes

TYPE OF Brunswick HOMES
Single-Family 53.2
Townhomes 9.1
Small Apt. Buildings 14.7
Apt. Complexes 10.4
Mobile Homes 12.4
Other 0.1

Home Size

SIZE OF Brunswick HOMES
No Bedroom 0.89
1 Bedroom 13.70
2 Bedrooms 25.12
3 Bedrooms 39.13
4 Bedrooms 18.08
5 or more bedrooms 3.08