Brighton, CO Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Brighton, CO Housing Market Trends

With a population of 41,554, 12,503 total housing units (homes and apartments), and a median house value of $353,934, Brighton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Brighton, accounting for 69.94% of the city's housing units. Other types of housing that are prevalent in Brighton include large apartment complexes or high rise apartments ( 16.24%), row houses and other attached homes ( 6.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.11%).

The most prevalent building size and type in Brighton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.19% owning and 38.81% renting.

Brighton homes and real estate are some of the newest in America. 49.26% of Brighton's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Brighton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.20%), and between 1940-1969 ( 12.79%). There's also some housing in Brighton built before 1939 ( 6.75%).

Brighton Home Appreciation Rates

In the last 10 years, Brighton has experienced some of the highest home appreciation rates of any community in the nation. Brighton real estate appreciated 138.09% over the last ten years, which is an average annual home appreciation rate of 9.06%, putting Brighton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brighton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Brighton's appreciation rate, at 9.59%, has been at or slightly above the national average. In the latest quarter, Brighton's appreciation rate has been 3.60%, which annualizes to a rate of 15.17%.

Importantly, this makes Brighton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Brighton's latest annual appreciation rate is higher than 50% of the other cities and towns in Colorado.

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.

Average Home Values

 

Median Home Value:
$353,934

Brighton, CO HOME PRICES

> $1,290,000
0.4%
0.4%
$968,001 - $1,290,000
0.6%
0.6%
$645,001 - $968,000
5.0%
5.0%
$516,001 - $645,000
12.5%
12.5%
$387,001 - $516,000
29.6%
29.6%
$258,001 - $387,000
33.3%
33.3%
$129,001 - $258,000
12.2%
12.2%
$65,001 - $129,000
1.1%
1.1%
$0 - $65,000
5.3%
5.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CO

Value Relative To Nation

Number Of Homes And Apartments:
12,503

Brighton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
105.09% 3.40%
4
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,300 / per month

Homeownership Rate

Owners
61.2%
61.2%
Renters
38.8%
38.8%
Vacant
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
49.3%
49.3%
1970 - 1999
31.2%
31.2%
1940 - 1969
12.8%
12.8%
1939 or Older
6.8%
6.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.9%
69.9%
Townhomes
6.3%
6.3%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
16.2%
16.2%
Mobile Homes
2.4%
2.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
9.5%
9.5%
2 Bedrooms
19.7%
19.7%
3 Bedrooms
37.0%
37.0%
4 Bedrooms
23.4%
23.4%
5 or more bedrooms
8.3%
8.3%
0.0% 100.0%
% OF HOMES