Brady, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brady, TX Real Estate Data


Brady Housing Market Information

With 5,549 people, 1,927 houses or apartments, and a median cost of homes of $89,874, house prices in Brady are solidly below the national average.

Single-family detached homes are the single most common housing type in Brady, accounting for 84.34% 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 ( 9.07%), large apartment complexes or high rise apartments ( 2.64%), and a few mobile homes or trailers ( 2.48%).

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 70.70% of Brady's homes, and 58.37% 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 56.59% of the city's housing hails from this era. Other housing ages represented in Brady include homes built between 1970-1999 ( 26.32%) and housing constructed before 1939 ( 11.20%). There's also some housing in Brady built between 2000 and later ( 5.89%).

Vacant housing appears to be an issue in Brady. Fully 25.31% 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 39.20% over the last ten years, which is an average annual home appreciation rate of 3.36%, putting Brady in the top 10% 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.

Appreciation rates are so strong in Brady that despite a nationwide downturn in the housing market, Brady real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brady appreciation rates continue to be some of the highest in America, at 7.26%, which is higher than appreciation rates in 86.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brady. Brady appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Brady one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Brady's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$89,874

Brady, TX HOME PRICES

Value Range
> $1,205,000 2.1
$903,001 - $1,205,000 0.3
$602,001 - $903,000 0.3
$482,001 - $602,000 2.4
$362,001 - $482,000 1.5
$241,001 - $362,000 1.2
$121,001 - $241,000 19.2
$60,001 - $121,000 28.1
$0 - $60,000 45.0

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
85.4921824676465 75.4854368932039

Number Of Homes And Apartments:
1,927

Rent & Ownership

 

Average Market Rent:
$833 / per month

Homeownership Rate

Homeownership
Owners 70.70
Renters 29.30
Vacant 25.31

Housing Market Details

 

Age of Homes

AGE OF Brady HOMES
2000 or Newer 5.9
1970 - 1999 26.3
1940 - 1969 56.6
1939 or Older 11.2

Types of Homes

TYPE OF Brady HOMES
Single-Family 84.3
Townhomes 1.5
Small Apt. Buildings 9.1
Apt. Complexes 2.6
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Brady HOMES
No Bedroom 0.00
1 Bedroom 12.29
2 Bedrooms 29.34
3 Bedrooms 47.33
4 Bedrooms 11.05
5 or more bedrooms 0.00

Brady Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
104.05% 4.28% 9 10
* 10 is highest

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Zip Codes in Brady, TX