The housing market in Brookfield, IL is thriving with a median value of $295,400. This is significantly lower than the US house median value of $338,100 and shows that homes here are more affordable for buyers. In addition, the US 1 year house appreciation rate of 8.27% is surpassed by Brookfield with a 1 year appreciation rate of 9.58%, indicating that this area is a good place to invest in real estate as prices continue to rise. With its attractive prices and higher-than-average appreciation rates, buying or investing in property in Brookfield looks like a good move for potential homeowners and investors alike.
The median home cost in Brookfield is $295,400. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Brookfield is up 14.1%.
Average Age of Homes
- The median age of Brookfield real estate is 65 years old
The Rental Market in Brookfield
- Renters make up 24.3% of the Brookfield population
- 1.5% of houses and apartments in Brookfield, 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.