The housing market in Brea, CA is thriving, as evidenced by the median value of $942,300. This is significantly higher than the US house median value of $338,100. Furthermore, the housing appreciation rate for Brea over the past year has been 10.89%, which is much higher than the 8.27% national increase rate for house values throughout the US in the same time period. Clearly, Brea is an attractive area for potential homebuyers looking to invest their money in a valuable property with a high return.
The median home cost in Brea is $942,300. Home appreciation the last 10 years has been 124.2%. Home Appreciation in Brea is up 16.4%.
Average Age of Homes
- The median age of Brea real estate is 41 years old
The Rental Market in Brea
- Renters make up 36.9% of the Brea population
- 1.3% of houses and apartments in Brea, 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.