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 a population of 8,176, 3,324 total housing units (homes and apartments), and a median house value of $169,621, house prices in Brazil are some of the most affordable in Indiana as well as the nation.
Single-family detached homes are the single most common housing type in Brazil, accounting for 70.99% of the city's housing units. Other types of housing that are prevalent in Brazil include large apartment complexes or high rise apartments ( 10.80%), duplexes, homes converted to apartments or other small apartment buildings ( 8.82%), and a few mobile homes or trailers ( 6.86%).
The most prevalent building size and type in Brazil are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.59% owning and 38.41% renting.
There is a lot of housing in Brazil 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 Brazil built between 1940-1969 ( 27.48%). A lesser amount of the housing stock also hails from before 1939 ( 26.64%). There's also some housing in Brazil built between 2000 and later ( 16.60%).
Real estate appreciation rates in Brazil's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.20% during the period.
Appreciation rates are so strong in Brazil that despite a nationwide downturn in the housing market, Brazil real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brazil appreciation rates continue to be some of the highest in America, at 9.82%, which is higher than appreciation rates in 86.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brazil. Brazil appreciation rates in the latest quarter were at -0.96%, which equates to an annual appreciation rate of -3.79%.
Notably, Brazil's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Brazil's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.
$169,621
for Indiana
for nation
3,324
$1,412 / per month