Brady, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brady Neighborhoods Since 2000




Brady, TX 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

Brady Housing Market Information

With a population of 5,549, 1,979 total housing units (homes and apartments), and a median house value of $67,951, house prices in Brady are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Brady, accounting for 84.67% of the city's housing units. Other types of housing that are prevalent in Brady include duplexes, homes converted to apartments or other small apartment buildings ( 10.65%), mobile homes or trailers ( 3.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brady. Owner-occupied housing accounts for 71.62% of Brady's homes, and 55.70% 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. Brady's housing was primarily built during this period, from the '40s through the '60s. A full 55.03% of the city's housing hails from this era. Other housing ages represented in Brady include homes built between 1970-1999 ( 22.88%) and housing constructed before 1939 ( 16.31%). There's also some housing in Brady built between 2000 and later ( 5.78%).

Vacant housing appears to be an issue in Brady. Fully 22.21% of the housing stock is classified as vacant. Left unchecked, vacant Brady homes and apartments can be a drag on the real estate market, holding Brady 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.

Brady Home Appreciation Rates

In the last 10 years, Brady has experienced some of the highest home appreciation rates of any community in the nation. Brady real estate appreciated 23.57% over the last ten years, which is an average annual home appreciation rate of 2.14%, putting Brady in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brady definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Brady's appreciation rate, at 5.49%, has been at or slightly above the national average. In the latest quarter, Brady's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Brady's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$67,951

Brady, TX HOME PRICES

Value Range
> $1,128,000 1.4
$846,001 - $1,128,000 0.3
$564,001 - $846,000 0.3
$451,001 - $564,000 0.0
$338,001 - $451,000 1.2
$226,001 - $338,000 1.0
$113,001 - $226,000 19.6
$56,001 - $113,000 29.8
$0 - $56,000 46.4

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
96.0271885620532 91.7315175097276

Number Of Homes And Apartments:
1,979

Brady Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
88.72% 3.75% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$867 / per month

Homeownership Rate

Homeownership
Owners 71.62
Renters 28.38
Vacant 22.21

Housing Market Details

 

Age of Homes

AGE OF Brady HOMES
2000 or Newer 5.8
1970 - 1999 22.9
1940 - 1969 55.0
1939 or Older 16.3

Types of Homes

TYPE OF Brady HOMES
Single-Family 84.7
Townhomes 0.7
Small Apt. Buildings 10.7
Apt. Complexes 0.9
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Brady HOMES
No Bedroom 0.00
1 Bedroom 14.23
2 Bedrooms 30.07
3 Bedrooms 44.77
4 Bedrooms 10.93
5 or more bedrooms 0.00

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Zip Codes in Brady, TX