Brownfield, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brownfield Neighborhoods Since 2000




Brownfield, 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

Brownfield Housing Market Information

With a population of 9,736, 3,036 total housing units (homes and apartments), and a median house value of $99,475, house prices in Brownfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Brownfield, accounting for 84.12% of the city's housing units. Other types of housing that are prevalent in Brownfield include duplexes, homes converted to apartments or other small apartment buildings ( 4.98%), mobile homes or trailers ( 4.56%), and a few large apartment complexes or high rise apartments ( 4.17%).

The most prevalent building size and type in Brownfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.89% owning and 36.11% renting.

There is a lot of housing in Brownfield 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 Brownfield built between 1940-1969 ( 41.61%). A lesser amount of the housing stock also hails from before 1939 ( 9.35%). There's also some housing in Brownfield built between 2000 and later ( 3.76%).

Vacant housing appears to be an issue in Brownfield. Fully 15.55% of the housing stock is classified as vacant. Left unchecked, vacant Brownfield homes and apartments can be a drag on the real estate market, holding Brownfield 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.

Brownfield Home Appreciation Rates

In the last 10 years, Brownfield has experienced some of the highest home appreciation rates of any community in the nation. Brownfield real estate appreciated 33.07% over the last ten years, which is an average annual home appreciation rate of 2.90%, putting Brownfield in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brownfield 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 Brownfield that despite a nationwide downturn in the housing market, Brownfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brownfield appreciation rates continue to be some of the highest in America, at 14.80%, which is higher than appreciation rates in 99.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brownfield. Brownfield appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$99,475

Brownfield, TX HOME PRICES

Value Range
> $1,203,000 0.0
$902,001 - $1,203,000 0.0
$602,001 - $902,000 0.0
$482,001 - $602,000 0.0
$361,001 - $482,000 0.0
$241,001 - $361,000 5.3
$120,001 - $241,000 18.8
$60,001 - $120,000 30.6
$0 - $60,000 45.3

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
77.8799953123169 65.6614785992218

Number Of Homes And Apartments:
3,036

Brownfield 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
44.29% 2.15% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$981 / per month

Homeownership Rate

Homeownership
Owners 63.89
Renters 36.11
Vacant 15.55

Housing Market Details

 

Age of Homes

AGE OF Brownfield HOMES
2000 or Newer 3.8
1970 - 1999 45.3
1940 - 1969 41.6
1939 or Older 9.3

Types of Homes

TYPE OF Brownfield HOMES
Single-Family 84.1
Townhomes 2.0
Small Apt. Buildings 5.0
Apt. Complexes 4.2
Mobile Homes 4.6
Other 0.1

Home Size

SIZE OF Brownfield HOMES
No Bedroom 0.28
1 Bedroom 6.95
2 Bedrooms 26.40
3 Bedrooms 57.47
4 Bedrooms 6.31
5 or more bedrooms 2.59

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Zip Codes in Brownfield, TX