Brownsville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brownsville, 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

Brownsville Housing Market Information

With a population of 9,876, 4,050 total housing units (homes and apartments), and a median house value of $120,786, house prices in Brownsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Brownsville, accounting for 72.39% of the city's housing units. Other types of housing that are prevalent in Brownsville include duplexes, homes converted to apartments or other small apartment buildings ( 13.26%), large apartment complexes or high rise apartments ( 9.64%), and a few row houses and other attached homes ( 3.25%).

The most prevalent building size and type in Brownsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.49% owning and 51.51% renting.

There is a lot of housing in Brownsville 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 Brownsville built between 1940-1969 ( 28.20%). A lesser amount of the housing stock also hails from before 1939 ( 9.16%). There's also some housing in Brownsville built between 2000 and later ( 5.61%).

Vacant housing appears to be an issue in Brownsville. Fully 15.15% of the housing stock is classified as vacant. Left unchecked, vacant Brownsville homes and apartments can be a drag on the real estate market, holding Brownsville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Brownsville Home Appreciation Rates

Real estate appreciation rates in Brownsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.24% during the period.

Over the last year, Brownsville appreciation rates have trailed the rest of the nation. In the last twelve months, Brownsville's appreciation rate has been 2.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brownsville were at 1.58%, which equates to an annual appreciation rate of 6.46%.

Relative to Tennessee, our data show that Brownsville's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brownsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brownsville - 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 Brownsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$120,786

Brownsville, TN HOME PRICES

Value Range
> $1,085,000 0.6
$814,001 - $1,085,000 0.7
$543,001 - $814,000 1.9
$434,001 - $543,000 0.3
$325,001 - $434,000 4.7
$217,001 - $325,000 9.7
$109,001 - $217,000 33.0
$54,001 - $109,000 41.2
$0 - $54,000 8.0

Average for TN
Low for Nation

Value Relative to Nation Value Relative to State
64.9302707136998 50.5102040816327

Number Of Homes And Apartments:
4,050

Brownsville 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
4.84% 0.27% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$734 / per month

Homeownership Rate

Homeownership
Owners 48.49
Renters 51.51
Vacant 15.15

Housing Market Details

 

Age of Homes

AGE OF Brownsville HOMES
2000 or Newer 5.6
1970 - 1999 57.0
1940 - 1969 28.2
1939 or Older 9.2

Types of Homes

TYPE OF Brownsville HOMES
Single-Family 72.4
Townhomes 3.2
Small Apt. Buildings 13.3
Apt. Complexes 9.6
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Brownsville HOMES
No Bedroom 2.54
1 Bedroom 10.56
2 Bedrooms 28.26
3 Bedrooms 50.41
4 Bedrooms 7.04
5 or more bedrooms 1.19

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Zip Codes in Brownsville, TN