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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 18,455 people, 6,826 houses or apartments, and a median cost of homes of $143,023, house prices in Brownwood are solidly below the national average.
Single-family detached homes are the single most common housing type in Brownwood, accounting for 74.74% of the city's housing units. Other types of housing that are prevalent in Brownwood include large apartment complexes or high rise apartments ( 10.79%), duplexes, homes converted to apartments or other small apartment buildings ( 8.08%), and a few mobile homes or trailers ( 4.89%).
The most prevalent building size and type in Brownwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.44% owning and 43.56% renting.
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. Brownwood's housing was primarily built during this period, from the '40s through the '60s. A full 48.42% of the city's housing hails from this era. Other housing ages represented in Brownwood include homes built between 1970-1999 ( 31.54%) and housing constructed before 1939 ( 10.83%). There's also some housing in Brownwood built between 2000 and later ( 9.21%).
Vacant housing appears to be an issue in Brownwood. Fully 17.14% of the housing stock is classified as vacant. Left unchecked, vacant Brownwood homes and apartments can be a drag on the real estate market, holding Brownwood 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.
Appreciation rates for homes in Brownwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 43.04%, which ranks in the top 30% nationwide. This equates to an annual average Brownwood house appreciation rate of 3.64%.
Appreciation rates are so strong in Brownwood that despite a nationwide downturn in the housing market, Brownwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brownwood appreciation rates continue to be some of the highest in America, at 4.99%, which is higher than appreciation rates in 71.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brownwood. Brownwood appreciation rates in the latest quarter were at 0.49%, which equates to an annual appreciation rate of 1.99%.
Notably, Brownwood's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Brownwood's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brownwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brownwood - 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 Brownwood real estate investment or home purchase decisions.
|$923,001 - $1,231,000||0.0|
|$616,001 - $923,000||1.5|
|$492,001 - $616,000||1.1|
|$369,001 - $492,000||1.8|
|$246,001 - $369,000||7.7|
|$123,001 - $246,000||30.4|
|$62,001 - $123,000||33.5|
|$0 - $62,000||23.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Brownwood HOMES|
|2000 or Newer||9.2|
|1970 - 1999||31.5|
|1940 - 1969||48.4|
|1939 or Older||10.8|
|TYPE OF Brownwood HOMES|
|Small Apt. Buildings||8.1|
|SIZE OF Brownwood HOMES|
|5 or more bedrooms||0.78|