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 57,934 people, 24,369 houses or apartments, and a median cost of homes of $769,292, Brookhaven house prices are not only among the most expensive in Georgia, Brookhaven real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Brookhaven, accounting for 44.43% of the city's housing units. Other types of housing that are prevalent in Brookhaven include single-family detached homes ( 41.48%), row houses and other attached homes ( 10.07%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.00%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
People in Brookhaven primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Brookhaven has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Brookhaven 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 Brookhaven built between 2000 and later ( 35.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.24%). There's also some housing in Brookhaven built before 1939 ( 1.25%).
Vacant housing appears to be an issue in Brookhaven. Fully 11.70% of the housing stock is classified as vacant. Left unchecked, vacant Brookhaven homes and apartments can be a drag on the real estate market, holding Brookhaven 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 Brookhaven have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.18%, which ranks in the top 50% nationwide. This equates to an annual average Brookhaven house appreciation rate of 6.75%.
NeighborhoodScout's data show that during the latest twelve months, Brookhaven's appreciation rate, at 7.20%, has been at or slightly above the national average. In the latest quarter, Brookhaven's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.
Relative to Georgia, our data show that Brookhaven's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brookhaven differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brookhaven - 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 Brookhaven real estate investment or home purchase decisions.
$769,292
for Georgia
for nation
24,369
$3,309 / per month