The housing market in Brookings, OR is very healthy and robust. The median home value in Brookings is slightly higher than the national average at $446,100 compared to $338,100. Despite the slight discrepancy in prices, both markets are experiencing strong appreciation rates with a 8.27% increase nationally and an 8.24% increase in Brookings over the last year. This shows that homes are becoming more valuable and desirable in Brookings compared to other cities across the US making it a great place to invest in real estate.
The median home cost in Brookings is $446,100. Home appreciation the last 10 years has been 126.6%. Home Appreciation in Brookings is up 13.1%.
Average Age of Homes
- The median age of Brookings real estate is 34 years old
The Rental Market in Brookings
- Renters make up 41.8% of the Brookings population
- 2.0% of houses and apartments in Brookings, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.