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Brookwood

Learn about the people, housing, costs and businesses in Brookwood, Alabama

Median Home$213,279
Median Rent$1,076/month
Population2,413
Leading IndustriesManufacturing · Retail · Arts, Food & Hospitality3% manufacturing
Home Value Growth⬆⬆⬆+27.8% over 2 years
Young Adults34% of residentswell above average
Homeowners89% of occupied units
Brookwood
AL

Frequently Asked Questions

What are today's mortgage rates in Brookwood?

As of today, the 30-year fixed mortgage rate for Brookwood is approximately 6.971% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Brookwood?

The median home value in Brookwood is $213k. The median monthly rent is $1,076. Annual property taxes average $595. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Brookwood?

Home values in Brookwood have increased 27.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Brookwood?

Based on a typical all-in ownership cost of $923/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Brookwood is $81k/year.

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What industries drive the economy in Brookwood?

The largest employment sectors in Brookwood are public administration (22%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.