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
With 3,566 people, 700 houses or apartments, and a median cost of homes of $2,224,301, Brookville house prices are not only among the most expensive in New York, Brookville real estate also is some of the most expensive in all of America.
Brookville is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Brookville than is found in 98% of the communities in America.
Not only is Brookville's real estate primarily composed of large, four, five or more bedroom residences ( 86.26%), but it has a blend of both renters and owners ( 38.59% renters; 61.41% owner occupied).
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. Brookville's housing was primarily built during this period, from the '40s through the '60s. A full 41.21% of the village's housing hails from this era. Other housing ages represented in Brookville include homes built between 1970-1999 ( 29.53%) and housing constructed before 1939 ( 15.66%). There's also some housing in Brookville built between 2000 and later ( 13.61%).
Vacant housing appears to be an issue in Brookville. Fully 10.14% of the housing stock is classified as vacant. Left unchecked, vacant Brookville homes and apartments can be a drag on the real estate market, holding Brookville 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.
Appreciation rates for homes in Brookville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.90%, which ranks in the top 40% nationwide. This equates to an annual average Brookville house appreciation rate of 0.67%.
Appreciation rates are so strong in Brookville that despite a nationwide downturn in the housing market, Brookville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brookville appreciation rates continue to be some of the highest in America, at 7.76%, which is higher than appreciation rates in 85.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brookville. Brookville appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.
Relative to New York, our data show that Brookville's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Brookville HOMES|
|2000 or Newer||13.6|
|1970 - 1999||29.5|
|1940 - 1969||41.2|
|1939 or Older||15.7|
|TYPE OF Brookville HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Brookville HOMES|
|5 or more bedrooms||53.27|