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 501, 169 total housing units (homes and apartments), and a median house value of $277,652, Brimley real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Brimley, accounting for 87.97% of the town's housing units. Other types of housing that are prevalent in Brimley include mobile homes or trailers ( 12.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brimley. Owner-occupied housing accounts for 97.63% of Brimley's homes, and 50.32% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Brimley 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 Brimley built between 2000 and later ( 26.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.41%). There's also some housing in Brimley built before 1939 ( 15.51%).
A decent proportion of the Brimley housing stock is seasonally occupied. That is, homes and condos in Brimley are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Brimley housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Brimley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.14%, which ranks in the top 40% nationwide. This equates to an annual average Brimley house appreciation rate of 7.02%.
NeighborhoodScout's data show that during the latest twelve months, Brimley's appreciation rate, at 7.91%, has been at or slightly above the national average. In the latest quarter, Brimley's appreciation rate has been 0.88%, which annualizes to a rate of 3.56%.
Relative to Michigan, our data show that Brimley's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.
$277,652
for Michigan
for nation
169
$1,280 / per month