Brookings, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brookings Neighborhoods Since 2000




Brookings, 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

Brookings Housing Market Information

With 23,657 people, 8,408 houses or apartments, and a median cost of homes of $163,432, Brookings 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 Brookings, accounting for 46.47% of the city's housing units. Other types of housing that are prevalent in Brookings include large apartment complexes or high rise apartments ( 30.65%), mobile homes or trailers ( 8.46%), and a few row houses and other attached homes ( 7.62%).

The most prevalent building size and type in Brookings are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.93% owning and 58.07% renting.

There is a lot of housing in Brookings 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 Brookings built between 2000 and later ( 21.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.28%). There's also some housing in Brookings built before 1939 ( 14.56%).

Brookings Home Appreciation Rates

Appreciation rates for homes in Brookings have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.28%, which ranks in the top 30% nationwide. This equates to an annual average Brookings house appreciation rate of 1.25%.

Over the last year, Brookings appreciation rates have trailed the rest of the nation. In the last twelve months, Brookings's appreciation rate has been 2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brookings were at 0.00%, which equates to an annual appreciation rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$163,432

Brookings, SD HOME PRICES

Value Range
> $1,084,000 1.1
$813,001 - $1,084,000 0.0
$542,001 - $813,000 1.4
$434,001 - $542,000 1.7
$325,001 - $434,000 6.7
$217,001 - $325,000 15.8
$109,001 - $217,000 54.2
$54,001 - $109,000 8.9
$0 - $54,000 10.1

High for SD
Average for Nation

Value Relative to Nation Value Relative to State
44.2868862064924 21.6666666666667

Number Of Homes And Apartments:
8,408

Brookings 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
49.25% 2.35% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$864 / per month

Homeownership Rate

Homeownership
Owners 41.93
Renters 58.07
Vacant 9.29

Housing Market Details

 

Age of Homes

AGE OF Brookings HOMES
2000 or Newer 21.5
1970 - 1999 43.7
1940 - 1969 20.3
1939 or Older 14.6

Types of Homes

TYPE OF Brookings HOMES
Single-Family 46.5
Townhomes 7.6
Small Apt. Buildings 6.8
Apt. Complexes 30.7
Mobile Homes 8.5
Other 0.0

Home Size

SIZE OF Brookings HOMES
No Bedroom 1.65
1 Bedroom 14.12
2 Bedrooms 27.44
3 Bedrooms 32.19
4 Bedrooms 18.07
5 or more bedrooms 6.53

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Zip Codes in Brookings, SD