Brazoria, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brazoria, TX Real Estate Data


Brazoria Housing Market Information

With 3,071 people, 1,215 houses or apartments, and a median cost of homes of $131,031, house prices in Brazoria are solidly below the national average.

Single-family detached homes are the single most common housing type in Brazoria, accounting for 77.25% of the city's housing units. Other types of housing that are prevalent in Brazoria include large apartment complexes or high rise apartments ( 9.72%), mobile homes or trailers ( 7.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.67%).

The most prevalent building size and type in Brazoria are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.69% owning and 37.31% renting.

There is a lot of housing in Brazoria 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 Brazoria built between 1940-1969 ( 35.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.91%). There's also some housing in Brazoria built before 1939 ( 5.98%).

Vacant housing appears to be an issue in Brazoria. Fully 12.53% of the housing stock is classified as vacant. Left unchecked, vacant Brazoria homes and apartments can be a drag on the real estate market, holding Brazoria 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.

Brazoria Home Appreciation Rates

In the last 10 years, Brazoria has experienced some of the highest home appreciation rates of any community in the nation. Brazoria real estate appreciated 39.49% over the last ten years, which is an average annual home appreciation rate of 3.38%, putting Brazoria in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brazoria definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Brazoria appreciation rates have trailed the rest of the nation. In the last twelve months, Brazoria's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brazoria were at 1.83%, which equates to an annual appreciation rate of 7.53%.

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

Average Home Values

 

Median Home Value:
$131,031

Brazoria, TX HOME PRICES

Value Range
> $1,352,000 0.0
$1,013,001 - $1,352,000 0.8
$676,001 - $1,013,000 0.0
$540,001 - $676,000 0.3
$406,001 - $540,000 0.6
$271,001 - $406,000 7.8
$135,001 - $271,000 34.7
$67,001 - $135,000 38.1
$0 - $67,000 17.7

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
60.2096386953212 43.7864077669903

Number Of Homes And Apartments:
1,215

Rent & Ownership

 

Average Market Rent:
$806 / per month

Homeownership Rate

Homeownership
Owners 62.69
Renters 37.31
Vacant 12.53

Housing Market Details

 

Age of Homes

AGE OF Brazoria HOMES
2000 or Newer 6.9
1970 - 1999 51.3
1940 - 1969 35.8
1939 or Older 6.0

Types of Homes

TYPE OF Brazoria HOMES
Single-Family 77.2
Townhomes 0.7
Small Apt. Buildings 3.7
Apt. Complexes 9.7
Mobile Homes 7.6
Other 1.0

Home Size

SIZE OF Brazoria HOMES
No Bedroom 2.38
1 Bedroom 5.83
2 Bedrooms 29.23
3 Bedrooms 56.66
4 Bedrooms 5.90
5 or more bedrooms 0.00

Brazoria 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
85.54% 3.70% 8 9
* 10 is highest

Popular Neighborhoods in Brazoria

Zip Codes in Brazoria, TX