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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,656, 1,149 total housing units (homes and apartments), and a median house value of $212,373, Brighton real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Brighton, accounting for 81.76% of the city's housing units. Other types of housing that are prevalent in Brighton include row houses and other attached homes ( 6.41%), large apartment complexes or high rise apartments ( 5.39%), and a few mobile homes or trailers ( 4.94%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brighton. Owner-occupied housing accounts for 88.84% of Brighton's homes, and 73.42% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Brighton 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 Brighton built between 2000 and later ( 18.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.11%). There's also some housing in Brighton built before 1939 ( 4.19%).
In the last 10 years, Brighton has experienced some of the highest home appreciation rates of any community in the nation. Brighton real estate appreciated 65.75% over the last ten years, which is an average annual home appreciation rate of 5.18%, putting Brighton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brighton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Brighton appreciation rates have trailed the rest of the nation. In the last twelve months, Brighton's appreciation rate has been 3.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brighton were at 1.97%, which equates to an annual appreciation rate of 8.11%.
Importantly, this makes Brighton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Michigan, our data show that Brighton's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brighton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brighton - 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 Brighton real estate investment or home purchase decisions.
|$937,001 - $1,250,000||0.0|
|$625,001 - $937,000||0.6|
|$500,001 - $625,000||0.3|
|$375,001 - $500,000||7.7|
|$250,001 - $375,000||33.2|
|$125,001 - $250,000||48.3|
|$62,001 - $125,000||7.0|
|$0 - $62,000||2.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Brighton HOMES|
|2000 or Newer||18.5|
|1970 - 1999||61.2|
|1940 - 1969||16.1|
|1939 or Older||4.2|
|TYPE OF Brighton HOMES|
|Small Apt. Buildings||1.4|
|SIZE OF Brighton HOMES|
|5 or more bedrooms||6.69|