BRAZIL HOUSING MARKET INFORMATION With 8,214 people, 3,474 houses or apartments, and a median cost of homes of $166,710, 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 73.51% of the city's housing units. Other types of housing that are prevalent in Brazil include large apartment complexes or high rise apartments ( 9.87%), mobile homes or trailers ( 7.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.84%). 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 62.80% owning and 37.20% renting. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Brazil's housing was primarily built during this period, from the '40s through the '60s. A full 32.25% of the city's housing hails from this era. Other housing ages represented in Brazil include homes built between 1970-1999 ( 27.44%) and housing constructed before 1939 ( 24.83%). There's also some housing in Brazil built between 2000 and later ( 15.48%). BRAZIL HOME APPRECIATION RATES 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 6.61% 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 9.26%, which is higher than appreciation rates in 72.87% 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 1.46%, which equates to an annual appreciation rate of 5.99%. Relative to Indiana, our data show that Brazil's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.