Brookville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brookville, 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

Brookville Housing Market Information

With a population of 5,900, 2,756 total housing units (homes and apartments), and a median house value of $154,717, Brookville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Brookville, accounting for 68.81% of the city's housing units. Other types of housing that are prevalent in Brookville include duplexes, homes converted to apartments or other small apartment buildings ( 13.87%), large apartment complexes or high rise apartments ( 12.86%), and a few row houses and other attached homes ( 4.46%).

The most prevalent building size and type in Brookville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.93% owning and 36.07% 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. Brookville's housing was primarily built during this period, from the '40s through the '60s. A full 34.65% of the city's housing hails from this era. Other housing ages represented in Brookville include homes built between 1970-1999 ( 28.80%) and housing constructed before 1939 ( 18.46%). There's also some housing in Brookville built between 2000 and later ( 18.08%).

Brookville Home Appreciation Rates

Real estate appreciation rates in Brookville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.57% during the period.

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 7.55%, which is higher than appreciation rates in 84.40% 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 -0.27%, which equates to an annual appreciation rate of -1.08%.

Relative to Ohio, our data show that Brookville's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$154,717

Brookville, OH HOME PRICES

Value Range
> $1,120,000 0.6
$840,001 - $1,120,000 0.0
$560,001 - $840,000 0.7
$448,001 - $560,000 0.2
$336,001 - $448,000 0.9
$224,001 - $336,000 13.1
$112,001 - $224,000 49.7
$56,001 - $112,000 29.6
$0 - $56,000 5.2

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
48.0487519043713 34.9081364829396

Number Of Homes And Apartments:
2,756

Brookville 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
3.97% 0.23% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 63.93
Renters 36.07
Vacant 4.70

Housing Market Details

 

Age of Homes

AGE OF Brookville HOMES
2000 or Newer 18.1
1970 - 1999 28.8
1940 - 1969 34.6
1939 or Older 18.5

Types of Homes

TYPE OF Brookville HOMES
Single-Family 68.8
Townhomes 4.5
Small Apt. Buildings 13.9
Apt. Complexes 12.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Brookville HOMES
No Bedroom 0.00
1 Bedroom 9.96
2 Bedrooms 26.94
3 Bedrooms 50.97
4 Bedrooms 11.58
5 or more bedrooms 0.55

Popular Neighborhoods in Brookville

Zip Codes in Brookville, OH