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 2,807 people, 825 houses or apartments, and a median cost of homes of $122,529, house prices in Brent are some of the most affordable in Alabama as well as the nation.
Single-family detached homes are the single most common housing type in Brent, accounting for 65.39% of the city's housing units. Other types of housing that are prevalent in Brent include mobile homes or trailers ( 13.80%), duplexes, homes converted to apartments or other small apartment buildings ( 11.25%), and a few large apartment complexes or high rise apartments ( 8.49%).
The most prevalent building size and type in Brent are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.14% owning and 56.86% renting.
There is a lot of housing in Brent 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 Brent built between 1940-1969 ( 40.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.74%). There's also some housing in Brent built before 1939 ( 2.87%).
Vacant housing appears to be an issue in Brent. Fully 12.42% of the housing stock is classified as vacant. Left unchecked, vacant Brent homes and apartments can be a drag on the real estate market, holding Brent real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Brent have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.69%, which ranks in the top 40% nationwide. This equates to an annual average Brent house appreciation rate of 7.00%.
NeighborhoodScout's data show that during the latest twelve months, Brent's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, Brent's appreciation rate has been 2.58%, which annualizes to a rate of 10.72%.
Relative to Alabama, our data show that Brent's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.
$122,529
for Alabama
for nation
825
$1,304 / per month