Brighton, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brighton, TN 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

Brighton Housing Market Information

With 2,996 people, 937 houses or apartments, and a median cost of homes of $133,119, house prices in Brighton are solidly below the national average.

Single-family detached homes are the single most common housing type in Brighton, accounting for 85.93% of the town's housing units. Other types of housing that are prevalent in Brighton include duplexes, homes converted to apartments or other small apartment buildings ( 12.63%), mobile homes or trailers ( 1.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brighton. Owner-occupied housing accounts for 66.28% of Brighton's homes, and 71.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brighton 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 Brighton built between 2000 and later ( 35.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.63%). There's also some housing in Brighton built before 1939 ( 3.70%).

Brighton Home Appreciation Rates

Brighton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Brighton during the period has been just -0.93%, which is lower than 70% of US communities.

Over the last year, Brighton appreciation rates have trailed the rest of the nation. In the last twelve months, Brighton's appreciation rate has been 0.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brighton were at 0.35%, which equates to an annual appreciation rate of 1.41%.

Relative to Tennessee, our data show that Brighton's latest annual appreciation rate is lower than 90% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$133,119

Brighton, TN HOME PRICES

Value Range
> $1,024,000 0.0
$768,001 - $1,024,000 0.0
$512,001 - $768,000 0.8
$410,001 - $512,000 1.5
$307,001 - $410,000 0.7
$205,001 - $307,000 13.1
$102,001 - $205,000 56.5
$51,001 - $102,000 19.5
$0 - $51,000 7.9

Average for TN
Average for Nation

Value Relative to Nation Value Relative to State
58.2151646548693 40.8163265306122

Number Of Homes And Apartments:
937

Brighton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
12.65% 0.69% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,006 / per month

Homeownership Rate

Homeownership
Owners 66.28
Renters 33.72
Vacant 3.80

Housing Market Details

 

Age of Homes

AGE OF Brighton HOMES
2000 or Newer 35.9
1970 - 1999 47.7
1940 - 1969 12.6
1939 or Older 3.7

Types of Homes

TYPE OF Brighton HOMES
Single-Family 85.9
Townhomes 0.4
Small Apt. Buildings 12.6
Apt. Complexes 0.0
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Brighton HOMES
No Bedroom 0.00
1 Bedroom 5.03
2 Bedrooms 14.89
3 Bedrooms 58.42
4 Bedrooms 13.35
5 or more bedrooms 8.32

Popular Neighborhoods in Brighton

Zip Codes in Brighton, TN