Brandon, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brandon Neighborhoods Since 2000




Brandon, SD 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

Brandon Housing Market Information

With 9,856 people, 3,359 houses or apartments, and a median cost of homes of $222,831, Brandon real estate is some of the most expensive in South Dakota, although Brandon home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Brandon, accounting for 73.84% of the city's housing units. Other types of housing that are prevalent in Brandon include large apartment complexes or high rise apartments ( 19.72%), row houses and other attached homes ( 3.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brandon. Owner-occupied housing accounts for 73.27% of Brandon's homes, and 60.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brandon 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 Brandon built between 2000 and later ( 39.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.88%). There's also some housing in Brandon built before 1939 ( 2.33%).

Brandon Home Appreciation Rates

In the last 10 years, Brandon has experienced some of the highest home appreciation rates of any community in the nation. Brandon real estate appreciated 21.52% over the last ten years, which is an average annual home appreciation rate of 1.97%, putting Brandon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brandon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Brandon that despite a nationwide downturn in the housing market, Brandon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brandon appreciation rates continue to be some of the highest in America, at 5.74%, which is higher than appreciation rates in 71.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brandon. Brandon appreciation rates in the latest quarter were at 1.51%, which equates to an annual appreciation rate of 6.18%.

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

Average Home Values

 

Median Home Value:
$222,831

Brandon, SD HOME PRICES

Value Range
> $1,158,000 0.3
$868,001 - $1,158,000 1.1
$579,001 - $868,000 0.8
$463,001 - $579,000 3.3
$347,001 - $463,000 8.4
$232,001 - $347,000 24.5
$116,001 - $232,000 57.4
$58,001 - $116,000 1.6
$0 - $58,000 2.5

Very High for SD
High for Nation

Value Relative to Nation Value Relative to State
27.2120004687683 4.16666666666667

Number Of Homes And Apartments:
3,359

Brandon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
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
50.22% 2.39% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,061 / per month

Homeownership Rate

Homeownership
Owners 73.27
Renters 26.73
Vacant 3.45

Housing Market Details

 

Age of Homes

AGE OF Brandon HOMES
2000 or Newer 39.9
1970 - 1999 49.9
1940 - 1969 7.9
1939 or Older 2.3

Types of Homes

TYPE OF Brandon HOMES
Single-Family 73.8
Townhomes 3.0
Small Apt. Buildings 2.4
Apt. Complexes 19.7
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Brandon HOMES
No Bedroom 0.00
1 Bedroom 4.83
2 Bedrooms 21.93
3 Bedrooms 32.48
4 Bedrooms 28.49
5 or more bedrooms 12.27