Brookhaven, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Brookhaven Neighborhoods Since 2000




Brookhaven, PA 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

Brookhaven Housing Market Information

With a population of 8,078, 3,419 total housing units (homes and apartments), and a median house value of $207,164, Brookhaven real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brookhaven, accounting for 57.42% of the borough's housing units. Other types of housing that are prevalent in Brookhaven include row houses and other attached homes ( 25.10%), large apartment complexes or high rise apartments ( 14.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brookhaven. Owner-occupied housing accounts for 86.78% of Brookhaven's homes, and 54.55% have either three or four bedrooms, which is average sized relative to America.

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. Brookhaven's housing was primarily built during this period, from the '40s through the '60s. A full 55.09% of the borough's housing hails from this era. Other housing ages represented in Brookhaven include homes built between 1970-1999 ( 36.80%) and housing constructed between 2000 and later ( 4.70%). There's also some housing in Brookhaven built before 1939 ( 3.40%).

Brookhaven Home Appreciation Rates

Brookhaven's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brookhaven during the period has been just -1.04%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Brookhaven's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, Brookhaven's appreciation rate has been 0.08%, which annualizes to a rate of 0.32%.

Relative to Pennsylvania, our data show that Brookhaven's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$207,164

Brookhaven, PA HOME PRICES

Value Range
> $1,051,000 0.7
$788,001 - $1,051,000 0.0
$525,001 - $788,000 1.1
$420,001 - $525,000 0.3
$315,001 - $420,000 4.6
$210,001 - $315,000 40.4
$105,001 - $210,000 39.7
$53,001 - $105,000 11.0
$0 - $53,000 2.2

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
30.4640806281495 18.9371980676329

Number Of Homes And Apartments:
3,419

Brookhaven Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
42.81% 2.09% 5 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,559 / per month

Homeownership Rate

Homeownership
Owners 86.78
Renters 13.22
Vacant 7.62

Housing Market Details

 

Age of Homes

AGE OF Brookhaven HOMES
2000 or Newer 4.7
1970 - 1999 36.8
1940 - 1969 55.1
1939 or Older 3.4

Types of Homes

TYPE OF Brookhaven HOMES
Single-Family 57.4
Townhomes 25.1
Small Apt. Buildings 3.4
Apt. Complexes 14.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Brookhaven HOMES
No Bedroom 1.11
1 Bedroom 9.51
2 Bedrooms 33.42
3 Bedrooms 34.04
4 Bedrooms 20.51
5 or more bedrooms 1.41