Brooklyn, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brooklyn Neighborhoods Since 2000




Brooklyn, OH 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

Brooklyn Housing Market Information

With 10,899 people, 4,873 houses or apartments, and a median cost of homes of $114,084, house prices in Brooklyn are solidly below the national average.

Single-family detached homes are the single most common housing type in Brooklyn, accounting for 66.28% of the city's housing units. Other types of housing that are prevalent in Brooklyn include large apartment complexes or high rise apartments ( 28.31%), duplexes, homes converted to apartments or other small apartment buildings ( 3.35%), and a few row houses and other attached homes ( 1.69%).

The most prevalent building size and type in Brooklyn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.74% owning and 42.26% 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. Brooklyn's housing was primarily built during this period, from the '40s through the '60s. A full 73.85% of the city's housing hails from this era. Other housing ages represented in Brooklyn include homes built between 1970-1999 ( 21.23%) and housing constructed before 1939 ( 4.20%).

Brooklyn Home Appreciation Rates

Homes have actually lost value in Brooklyn over the last then years, as home values have seen a decline of 25.38% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Brooklyn home appreciation rates at -0.21%, which equates to an annual appreciation rate of -0.82%.

Over the last year, Brooklyn appreciation rates have trailed the rest of the nation. In the last twelve months, Brooklyn's appreciation rate has been 2.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brooklyn were at -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Brooklyn's latest annual appreciation rate is lower than 50% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$114,084

Brooklyn, OH HOME PRICES

Value Range
> $1,066,000 0.0
$799,001 - $1,066,000 0.0
$533,001 - $799,000 0.4
$426,001 - $533,000 0.0
$320,001 - $426,000 0.6
$213,001 - $320,000 0.0
$107,001 - $213,000 55.1
$53,001 - $107,000 41.0
$0 - $53,000 3.0

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
68.8562053205203 68.6351706036745

Number Of Homes And Apartments:
4,873

Brooklyn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
-19.73% -1.27% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$765 / per month

Homeownership Rate

Homeownership
Owners 57.74
Renters 42.26
Vacant 4.47

Housing Market Details

 

Age of Homes

AGE OF Brooklyn HOMES
2000 or Newer 0.7
1970 - 1999 21.2
1940 - 1969 73.8
1939 or Older 4.2

Types of Homes

TYPE OF Brooklyn HOMES
Single-Family 66.3
Townhomes 1.7
Small Apt. Buildings 3.4
Apt. Complexes 28.3
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Brooklyn HOMES
No Bedroom 0.22
1 Bedroom 18.58
2 Bedrooms 23.07
3 Bedrooms 49.11
4 Bedrooms 7.55
5 or more bedrooms 1.47