Brier, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Brier Neighborhoods Since 2000




Brier, WA 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

Brier Housing Market Information

With a population of 6,656, 2,295 total housing units (homes and apartments), and a median house value of $496,303, Brier house prices are not only among the most expensive in Washington, Brier real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Brier, accounting for 97.65% of the city's housing units. Other types of housing that are prevalent in Brier include mobile homes or trailers ( 1.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brier. Owner-occupied housing accounts for 89.67% of Brier's homes, and 81.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Brier 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 Brier built between 1940-1969 ( 26.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.75%). There's also some housing in Brier built before 1939 ( 1.54%).

Brier Home Appreciation Rates

In the last 10 years, Brier has experienced some of the highest home appreciation rates of any community in the nation. Brier real estate appreciated 16.44% over the last ten years, which is an average annual home appreciation rate of 1.53%, putting Brier in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brier 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 Brier that despite a nationwide downturn in the housing market, Brier real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brier appreciation rates continue to be some of the highest in America, at 12.17%, which is higher than appreciation rates in 97.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brier. Brier appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

Importantly, this makes Brier 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 Washington, our data show that Brier's latest annual appreciation rate is higher than 70% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$496,303

Brier, WA HOME PRICES

Value Range
> $1,407,000 0.0
$1,055,001 - $1,407,000 0.8
$704,001 - $1,055,000 12.8
$563,001 - $704,000 17.3
$422,001 - $563,000 43.6
$282,001 - $422,000 19.3
$141,001 - $282,000 2.8
$71,001 - $141,000 0.1
$0 - $71,000 3.3

Very High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
6.02953240360952 11.3475177304965

Number Of Homes And Apartments:
2,295

Brier Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
92.53% 3.87% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,337 / per month

Homeownership Rate

Homeownership
Owners 89.67
Renters 10.33
Vacant 1.88

Housing Market Details

 

Age of Homes

AGE OF Brier HOMES
2000 or Newer 9.7
1970 - 1999 62.3
1940 - 1969 26.4
1939 or Older 1.5

Types of Homes

TYPE OF Brier HOMES
Single-Family 97.6
Townhomes 0.7
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Brier HOMES
No Bedroom 0.30
1 Bedroom 0.68
2 Bedrooms 8.76
3 Bedrooms 54.04
4 Bedrooms 27.70
5 or more bedrooms 8.51