Brewster, NY 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 Q3 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

Brewster, NY Housing Market Trends

With a population of 2,508, 809 total housing units (homes and apartments), and a median house value of $381,165, Brewster real estate prices are well above average cost compared to national prices.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Brewster, accounting for 46.12% of the village's housing units. Other types of housing that are prevalent in Brewster include single-family detached homes ( 26.50%), large apartment complexes or high rise apartments ( 20.18%), and a few row houses and other attached homes ( 4.43%). This particular housing mix is relatively uncommon and characteristic of villages that are compact and walkable, and which often have a lively downtown.

Brewster is dominated by renter-occupied one, two, or no bedrooms apartments. 76.44% of Brewster's dwellings are rentals.

The housing in Brewster was primarily built before 1939 ( 46.34%), making the housing stock in Brewster some of the oldest overall in America, although there is a range of ages of homes in Brewster. The next most important housing age is between 1940-1969 ( 25.39%), followed by between 1970-1999 ( 21.73%). There's also some housing in Brewster built between 2000 and later ( 6.54%).

Vacant housing appears to be an issue in Brewster. Fully 10.31% of the housing stock is classified as vacant. Left unchecked, vacant Brewster homes and apartments can be a drag on the real estate market, holding Brewster 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.

Brewster Home Appreciation Rates

Brewster's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brewster during the period has been just 2.49%, which is lower than 80% of US communities.

Over the last year, Brewster appreciation rates have trailed the rest of the nation. In the last twelve months, Brewster's appreciation rate has been 12.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brewster were at 3.58%, which equates to an annual appreciation rate of 15.09%.

Notably, Brewster's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$381,165

Brewster, NY HOME PRICES

> $1,238,000
0.0%
0.0%
$928,001 - $1,238,000
3.7%
3.7%
$619,001 - $928,000
7.3%
7.3%
$495,001 - $619,000
10.4%
10.4%
$372,001 - $495,000
36.5%
36.5%
$248,001 - $372,000
32.6%
32.6%
$124,001 - $248,000
6.1%
6.1%
$62,001 - $124,000
1.7%
1.7%
$0 - $62,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for NY

Value Relative To Nation

Number Of Homes And Apartments:
809

Brewster Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
60.01% 2.18%
1
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,956 / per month

Homeownership Rate

Owners
23.6%
23.6%
Renters
76.4%
76.4%
Vacant
10.3%
10.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.5%
6.5%
1970 - 1999
21.7%
21.7%
1940 - 1969
25.4%
25.4%
1939 or Older
46.3%
46.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
26.5%
26.5%
Townhomes
4.4%
4.4%
Small Apt. Buildings
46.1%
46.1%
Apt. Complexes
20.2%
20.2%
Mobile Homes
2.8%
2.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
6.1%
6.1%
1 Bedroom
20.5%
20.5%
2 Bedrooms
49.3%
49.3%
3 Bedrooms
18.3%
18.3%
4 Bedrooms
4.2%
4.2%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES