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 5,167 people, 1,890 houses or apartments, and a median cost of homes of $246,793, house prices in Brewton are solidly below the national average.
Single-family detached homes are the single most common housing type in Brewton, accounting for 78.67% of the city's housing units. Other types of housing that are prevalent in Brewton include large apartment complexes or high rise apartments ( 9.18%), duplexes, homes converted to apartments or other small apartment buildings ( 7.33%), and a few mobile homes or trailers ( 3.29%).
The most prevalent building size and type in Brewton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.97% owning and 37.03% renting.
There is a lot of housing in Brewton 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 Brewton built between 1940-1969 ( 27.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.92%). There's also some housing in Brewton built before 1939 ( 3.99%).
Vacant housing appears to be an issue in Brewton. Fully 22.19% of the housing stock is classified as vacant. Left unchecked, vacant Brewton homes and apartments can be a drag on the real estate market, holding Brewton 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 Brewton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.33% during the period.
Appreciation rates are so strong in Brewton that despite a nationwide downturn in the housing market, Brewton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brewton appreciation rates continue to be some of the highest in America, at 5.08%, which is higher than appreciation rates in 72.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brewton. Brewton appreciation rates in the latest quarter were at -0.54%, which equates to an annual appreciation rate of -2.13%.
Notably, Brewton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Brewton's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.
$246,793
for Alabama
for nation
1,890
$965 / per month