Brunswick, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brunswick, 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

Brunswick Housing Market Information

With a population of 34,689, 13,381 total housing units (homes and apartments), and a median house value of $169,997, Brunswick 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 Brunswick, accounting for 74.54% of the city's housing units. Other types of housing that are prevalent in Brunswick include large apartment complexes or high rise apartments ( 17.00%), row houses and other attached homes ( 5.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brunswick. Owner-occupied housing accounts for 74.97% of Brunswick's homes, and 72.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brunswick 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 Brunswick built between 1940-1969 ( 27.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.43%). There's also some housing in Brunswick built before 1939 ( 2.11%).

Brunswick Home Appreciation Rates

Real estate appreciation rates in Brunswick's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.70% during the period.

Over the last year, Brunswick appreciation rates have trailed the rest of the nation. In the last twelve months, Brunswick's appreciation rate has been 1.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brunswick were at -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Brunswick's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brunswick differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brunswick - 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 Brunswick real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$169,997

Brunswick, OH HOME PRICES

Value Range
> $1,078,000 0.5
$809,001 - $1,078,000 0.1
$539,001 - $809,000 0.1
$431,001 - $539,000 0.1
$324,001 - $431,000 1.5
$216,001 - $324,000 22.8
$108,001 - $216,000 65.4
$54,001 - $108,000 6.7
$0 - $54,000 2.8

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
41.6910816828782 26.1154855643045

Number Of Homes And Apartments:
13,381

Brunswick 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
3.86% 0.22% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$986 / per month

Homeownership Rate

Homeownership
Owners 74.97
Renters 25.03
Vacant 4.72

Housing Market Details

 

Age of Homes

AGE OF Brunswick HOMES
2000 or Newer 12.4
1970 - 1999 58.0
1940 - 1969 27.4
1939 or Older 2.1

Types of Homes

TYPE OF Brunswick HOMES
Single-Family 74.5
Townhomes 5.8
Small Apt. Buildings 2.3
Apt. Complexes 17.0
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Brunswick HOMES
No Bedroom 0.58
1 Bedroom 6.79
2 Bedrooms 17.66
3 Bedrooms 46.07
4 Bedrooms 26.19
5 or more bedrooms 2.71