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 7,546 people, 3,677 houses or apartments, and a median cost of homes of $377,312, Brighton real estate is some of the most expensive in Michigan, although Brighton home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Brighton, accounting for 41.69% of the city's housing units. Other types of housing that are prevalent in Brighton include large apartment complexes or high rise apartments ( 29.45%), row houses and other attached homes ( 22.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.53%).
Dwellings in Brighton tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 57.64% of the homes in Brighton have two or fewer bedrooms.
There is a lot of housing in Brighton 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 Brighton built between 2000 and later ( 17.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.98%). There's also some housing in Brighton built before 1939 ( 7.33%).
Appreciation rates for homes in Brighton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.61%, which ranks in the top 40% nationwide. This equates to an annual average Brighton house appreciation rate of 7.05%.
NeighborhoodScout's data show that during the latest twelve months, Brighton's appreciation rate, at 5.96%, has been at or slightly above the national average. In the latest quarter, Brighton's appreciation rate has been 1.70%, which annualizes to a rate of 6.96%.
Relative to Michigan, our data show that Brighton's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Brighton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Brighton - 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 Brighton real estate investment or home purchase decisions.
$377,312
for Michigan
for nation
3,677
$1,736 / per month