Brunswick, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brunswick, OH Real Estate Data


Brunswick Housing Market Information

With a population of 34,689, 13,351 total housing units (homes and apartments), and a median house value of $186,011, Brunswick real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brunswick, accounting for 73.88% of the city's housing units. Other types of housing that are prevalent in Brunswick include large apartment complexes or high rise apartments ( 17.58%), row houses and other attached homes ( 6.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.18%).

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 73.49% 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 ( 27.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.53%). There's also some housing in Brunswick built before 1939 ( 2.01%).

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 -0.17% during the period.

NeighborhoodScout's data show that during the latest twelve months, Brunswick's appreciation rate, at 5.20%, has been at or slightly above the national average. In the latest quarter, Brunswick's appreciation rate has been 3.30%, which annualizes to a rate of 13.87%.

Importantly, this makes Brunswick one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Ohio, our data show that Brunswick's latest annual appreciation rate is higher than 50% 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:
$186,011

Brunswick, OH HOME PRICES

Value Range
> $1,148,000 0.5
$861,001 - $1,148,000 0.1
$574,001 - $861,000 0.1
$459,001 - $574,000 0.1
$345,001 - $459,000 1.4
$230,001 - $345,000 22.8
$115,001 - $230,000 66.5
$57,001 - $115,000 5.9
$0 - $57,000 2.7

High for OH
High for Nation

Value Relative to Nation Value Relative to State
37.219652163729 20.6036745406824

Number Of Homes And Apartments:
13,351

Rent & Ownership

 

Average Market Rent:
$1,005 / per month

Homeownership Rate

Homeownership
Owners 73.49
Renters 26.51
Vacant 4.36

Housing Market Details

 

Age of Homes

AGE OF Brunswick HOMES
2000 or Newer 11.5
1970 - 1999 59.0
1940 - 1969 27.5
1939 or Older 2.0

Types of Homes

TYPE OF Brunswick HOMES
Single-Family 73.9
Townhomes 6.1
Small Apt. Buildings 2.2
Apt. Complexes 17.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Brunswick HOMES
No Bedroom 0.54
1 Bedroom 6.34
2 Bedrooms 18.37
3 Bedrooms 46.40
4 Bedrooms 25.86
5 or more bedrooms 2.49

Brunswick Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
9.37% 0.53% 4 1
* 10 is highest