Brookfield, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Brookfield, WI 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

Brookfield Housing Market Information

With a population of 38,025, 14,645 total housing units (homes and apartments), and a median house value of $315,380, Brookfield real estate is some of the most expensive in Wisconsin, although Brookfield home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Brookfield, accounting for 80.15% of the city's housing units. Other types of housing that are prevalent in Brookfield include large apartment complexes or high rise apartments ( 9.62%), row houses and other attached homes ( 5.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brookfield. Owner-occupied housing accounts for 86.62% of Brookfield's homes, and 72.36% 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. Brookfield's housing was primarily built during this period, from the '40s through the '60s. A full 44.27% of the city's housing hails from this era. Other housing ages represented in Brookfield include homes built between 1970-1999 ( 42.80%) and housing constructed between 2000 and later ( 9.31%). There's also some housing in Brookfield built before 1939 ( 3.62%).

Brookfield Home Appreciation Rates

Real estate appreciation rates in Brookfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.04% during the period.

NeighborhoodScout's data show that during the latest twelve months, Brookfield's appreciation rate, at 3.67%, has been at or slightly above the national average. In the latest quarter, Brookfield's appreciation rate has been 1.02%, which annualizes to a rate of 4.13%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brookfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brookfield - 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 Brookfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$315,380

Brookfield, WI HOME PRICES

Value Range
> $1,107,000 0.9
$830,001 - $1,107,000 1.1
$553,001 - $830,000 8.8
$443,001 - $553,000 8.6
$332,001 - $443,000 21.3
$222,001 - $332,000 43.6
$111,001 - $222,000 13.2
$55,001 - $111,000 0.4
$0 - $55,000 2.1

Very High for WI
Very High for Nation

Value Relative to Nation Value Relative to State
15.0181647720614 4.31211498973306

Number Of Homes And Apartments:
14,645

Brookfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
34.36% 1.73% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,552 / per month

Homeownership Rate

Homeownership
Owners 86.62
Renters 13.38
Vacant 2.99

Housing Market Details

 

Age of Homes

AGE OF Brookfield HOMES
2000 or Newer 9.3
1970 - 1999 42.8
1940 - 1969 44.3
1939 or Older 3.6

Types of Homes

TYPE OF Brookfield HOMES
Single-Family 80.2
Townhomes 5.6
Small Apt. Buildings 4.7
Apt. Complexes 9.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Brookfield HOMES
No Bedroom 0.23
1 Bedroom 3.42
2 Bedrooms 17.10
3 Bedrooms 41.71
4 Bedrooms 30.66
5 or more bedrooms 6.88