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 a population of 18,709, 7,313 total housing units (homes and apartments), and a median house value of $211,357, 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 68.36% of the city's housing units. Other types of housing that are prevalent in Brownwood include large apartment complexes or high rise apartments ( 17.43%), duplexes, homes converted to apartments or other small apartment buildings ( 9.34%), and a few mobile homes or trailers ( 3.75%).
People in Brownwood primarily live in small (one, two or no bedroom) single-family detached homes. Brownwood has a mixture of owner-occupied and renter-occupied housing.
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 44.53% of the city's housing hails from this era. Other housing ages represented in Brownwood include homes built between 1970-1999 ( 41.58%) and housing constructed between 2000 and later ( 8.40%). There's also some housing in Brownwood built before 1939 ( 5.49%).
Vacant housing appears to be an issue in Brownwood. Fully 12.11% 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.
Real estate appreciation rates in Brownwood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.46% during the period.
NeighborhoodScout's data show that during the latest twelve months, Brownwood's appreciation rate, at 5.99%, has been at or slightly above the national average. In the latest quarter, Brownwood's appreciation rate has been 1.51%, which annualizes to a rate of 6.17%.
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.
$211,357
for Texas
for nation
7,313
$1,488 / per month